Zimbabwe Stock Exchange (ZSE) chief executive Justin Bgoni says ZSE is interested in adopting technology if regulatory certainty can be achieved, according to a by local daily The Chronicle on May 20
Bgoni, while in favor of technology, is waiting to apply technology at ZSE until regulatory certainty issues have been resolved:
“Then there is the money side to technology. This is a bit difficult, in terms of , we are not yet clear on this and we do not want to do something where is not clear as an exchange. But the technology side is very good.”
Regulatory certainty for the crypto spaces is currently being pursued in several jurisdictions. The newly Taxonomy Act (TTA) in the for example, seeks to provide regulatory certainty for crypto by introducing uniform definitions and reclassifying it.
ZSE is considering -based services and products in investment trust securities, mineral commodities exchange, and , per the report.
As previously by Cointelegraph, Zimbabwe is known economically for the collapse of its national in 2015. Since then, Zimbabwe has been the focus for numerous -based currency proposals and activity, from a arguing that Zimbabwe is an ideal environment for () firms to a summer being opened in the country.
In 2017, however, the Reserve Bank of Zimbabwe (RBZ) — the country’s central bank — that is illegal. That being said, RBZ Director and Registrar Norman Mataruka commented that the bank had begun investigating the risks of crypto, and that it would need to create a regulatory framework for digital assets before they could potentially legalize .
Published at Tue, 21 May 2019 00:44:23 +0000
