According to Odaily Planet Daily, the Zimbabwean government has established the National Risk Assessment Coordination Committee (NRACC), a multi-stakeholder committee responsible for consulting stakeholders in the cryptocurrency ecosystem.
The NRACC aims to determine the nature and scope of Zimbabwe’s cryptocurrency ecosystem while assessing the risks associated with cryptocurrencies, such as their potential misuse for money laundering, financing terrorism and other illicit activities.
Finally, the NRACC will propose a suitable regulatory framework for cryptocurrencies and their service providers and invite local and foreign crypto-asset service providers to contribute to the national assessment process by filling in a questionnaire.
