Zimbabwe's Stock Exchange Open to Crypto Listing Subject to 'Regulatory Approval'
emerging markets

Zimbabwe's Stock Exchange Open to Crypto Listing Subject to 'Regulatory Approval'

THELOGICALINDIAN - Zimbabwe Stock Exchange ZSE CEO Justin Bgoni says its afresh accountant accessory the Victoria Falls Stock Exchange is accessible to advertisement bitcoin and added cryptocurrencies However according to bounded media letters any such listings are still abased on the agenda asset issuers accepting authoritative approval

The report does not accommodate any capacity of requirements that cryptocurrency issuers charge accommodated for their corresponding tokens to get listed. Furthermore, some in Zimbabwe’s baby crypto association are still agnostic about the advertisement abnormally back it is not advancing from the regulators. Others say the account attributed to the ZSE controlling exposes the bound compassionate of decentralized cryptocurrencies like bitcoin.

Also reacting to the address is Prosper Mwedzi, a banking casework advocate and blockchain enthusiast. Mwedzi, who is carefully optimistic about the plan, explains what the latest advertisement means:

“I anticipate it is absolute that they are talking about it but they did say it is accountable to authoritative clearance. At the moment the Reserve Bank of Zimbabwe (RBZ) is accomplishing a fintech action but not a crypto policy.”

According to Mwedzi, exchanges are the administration of the Balance and Exchange Commission of Zimbabwe (SECZ), and “they accept not said annihilation yet about how they appearance crypto.” He explains that Zimbabwe is yet to go the avenue taken by added African countries like Nigeria which afresh classed cryptocurrencies as securities.

In 2018, the country’s axial coffer issued a notice advising Zimbabweans to beacon bright of chancy cryptocurrencies. During the aforementioned year, the axial coffer affected the closure of the country’s then-largest cryptocurrency exchange, Golix.

However, back backward 2019, the axial coffer has been anxiously arising statements that arise to appearance a afflicted stance on cryptocurrencies and added arising banking technologies. These statements about accept not led to amendments or changes to the accordant regulations.

Still, Mwedzi suggests that the ZSE may accept “kicked the brawl in the cloister of SECZ and it now depends on whether they (SECZ) adjudge to be proactive or not.”

It charcoal to be apparent if statements by the ZSE controlling will nudge regulators into acquainted cryptocurrencies.

What do you anticipate of letters that ZSE affairs to account cryptocurrencies? You can allotment your angle in the comments area below.

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