Zimbabwe Seeks Input on Crypto Industry for Policy Development

The Reserve Bank of Zimbabwe (RBZ) has called for public feedback on the country’s cryptocurrency industry as it seeks to develop a comprehensive policy framework. According to a local news report, the RBZ is inviting stakeholders and the general public to submit their views on how to regulate and manage virtual assets. The consultation process aims to gather diverse perspectives on key issues related to the crypto industry, including the following: * Definitions and classifications of cryptocurrencies * Regulatory measures for crypto exchanges and platforms * Anti-money laundering and counter-terrorism financing controls * Consumer protection and investor safety * Taxation of crypto transactions The RBZ has emphasized that it is not planning to ban cryptocurrencies but rather to create a regulatory environment that would foster innovation, protect consumers, and mitigate potential risks. The feedback will help the central bank develop a balanced approach that balances economic development with financial stability. The consultation process is open to banks, financial service providers, telecom operators, mobile money operators, crypto exchanges, fintech companies, and the general public. The feedback can be submitted online or through written submissions to the RBZ. The initiative comes amid growing interest in cryptocurrencies in Zimbabwe. The country has experienced a surge in crypto adoption, primarily driven by decentralized finance (DeFi) applications and the need for alternative investment options during economic uncertainties. By seeking input from stakeholders, the RBZ aims to strike a balance between fostering innovation and responsible regulation. The feedback gathered will inform the development of a comprehensive policy framework that will provide clarity and guidance for the crypto industry in Zimbabwe.Aaron Beveridge, New Zealand Surfer, Dies in Western Australia

Aaron Beveridge, New Zealand Surfer, Dies in Western Australia

Tributes pour out for Aaron Beveridge, a New Zealand surfer who vanished after encountering difficulties at Surfers Point in Margaret River, Western Australia, last Friday. Authorities have suspended the search for the 47-year-old indefinitely pending new information. Beveridge, originally from New Plymouth, New Zealand, is survived by two adult daughters in New Zealand and a 14-year-old son in Margaret River. His father shared the devastating news on social media, expressing the family’s anguish. Eyewitnesses reported seeing Beveridge’s surfboard vertically submerged, known as the “tombstone” position, before his leg rope snapped. The harsh conditions prevented nearby surfers from assisting him. Friends and family have described Beveridge as a “great lad” with a calm demeanor and a willingness to help others. His presence in the Margaret River community will be deeply missed. Benjamin Plummer, an Auckland-based reporter, covered this breaking news for The Herald.

Zimbabwe Seeks Feedback on Crypto Industry for Policy Development

Zimbabwe is seeking public input on the regulation of the cryptocurrency industry as it works to develop a comprehensive policy framework. According to a report by the local news agency The Herald, the Zimbabwean Ministry of Finance and Economic Development has invited stakeholders to participate in public consultations on proposed crypto regulations. The ministry aims to gather feedback from industry experts, businesses, and the general public to inform its policymaking process. The consultations will cover issues such as: * Defining cryptocurrencies and their classification * Identifying risks and benefits associated with cryptocurrencies * Establishing licensing and registration requirements for crypto businesses * Addressing consumer protection and anti-money laundering measures * Exploring the potential of cryptocurrencies in the country’s financial system Zimbabwean Minister of Finance, Mthuli Ncube, emphasized the importance of engaging with stakeholders to ensure a balanced and informed policy framework. He stated that the government is keen on fostering innovation while protecting consumers from potential risks. “We understand the transformative potential of cryptocurrencies, but we also recognize the need for responsible regulation to ensure the stability and integrity of our financial system,” Ncube said. The public consultations will be held over the next few weeks, and the ministry will consider the feedback received in developing its policy recommendations. The government is expected to finalize the crypto regulatory framework by the end of the year. Zimbabwe’s move towards crypto regulation comes amid growing global interest in digital assets. Several countries, including the United States, United Kingdom, and European Union, are also working on policies to regulate the crypto industry.