The South African nation is following in the footsteps of other countries that have sought to clarify their approach to the space.
The government has set up a committee to consult operators in the digital asset space, and it wants comments by June 26. Countries worldwide have been looking to understand crypto and regulate the nascent sector. South Africa recently started registering companies and Nigeria has been establishing how to approach crypto in recent years.
"In line with global trends and best practices, Zimbabwe is embarking on an exercise to assess and understand the cryptocurrency landscape," the government said in a statement published in the state-run Herald newspaper Wednesday. It's"inviting all cryptocurrency service providers," whether operating inside or outside the country but providing services to people in Zimbabwe, to provide comments.that looks at the global crypto activity.