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Zimbabwe moves to regulate cryptocurrency sector
Zimbabwe's government said on Friday it will require cryptocurrency businesses to register and pay annual fees, as it seeks to bring the largely informal market under regulatory oversight. Businesses involved in buying, selling, transferring or safeguarding virtual assets must register each year with the Financial Intelligence Unit (FIU), an anti-money laundering body housed within the central bank, under regulations issued by Finance Minister Mthuli Ncube. Registration will cost $500 per year, and operating without it is now an offence. The regulations are Zimbabwe's first dedicated rules for a sector that has long ... (full story)
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