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Can Zambia regulate cryptocurrency without stifling innovation in its financial markets?

Investors trading cryptocurrency on Binance. Photo @ Unsplash
Investors trading cryptocurrency on Binance. Photo @ Unsplash
  • Zambia begins regulating crypto sector
  • Firms must register by March 27

 

LUSAKA, ZAMBIA – Zambia’s central bank has launched a regulatory push to oversee cryptocurrency operators, marking a cautious step towards formal adoption of digital assets in its financial system.

The Bank of Zambia said it is working with regulators and stakeholders to develop a comprehensive framework for Virtual Asset Service Providers (VASPs), as the country seeks to position itself within the global digital economy while managing associated risks.

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