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Parliament to debate cryptocurrency

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A UNITED Kingdom-based Zimbabwean lawyer is hoping to push a blockchain technology and digital assets business bill through parliament during the first quarter of 2021.
Zimbabwe currently does not have legislation covering digital assets but Prosper Mwedzi is hoping to change that by introducing the private bill to parliament.
“If the bill passes into law… it will enable anyone who wants to apply to run a crypto-business such as an exchange or issue tokens to register with the regulator and get a licence to operate,” Mwedzi announced on Twitter this week.

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“I will share more details in the coming days, but it is important that MPs know and understand that this technology is now used in the banking sector in other jurisdictions like the US and it can improve access to financial services for Zimbabweans,” Mwedzi said.

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