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26 July 2021

Zimbabwe Proposes Inclusion of VASPs in Its Securities Law — Move Applauded as 'Step in Right Direction' – Regulation Bitcoin News

Zimbabwe Proposes Inclusion of VASPs in Its Securities Law — Move Applauded as 'Step in Right Direction' – Regulation Bitcoin News


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Zimbabwe Proposes Inclusion of VASPs in Its Securities Law — Move Applauded as 'Step in Right Direction' – Regulation Bitcoin News.

According to a document released by the cabinet, the proposed inclusion of VASPs into the category of defined securities will be made possible via the amendment of the Securities and Exchange Act.

According to one local report, it is this amended law that will “enable Zimbabwe’s Securities and Exchange Commission (SECZ) to come up with regulations to supervise the VASPs on a risk-based approach.” Similarly, the document states that Zimbabwe’s anti-money laundering law will be amended to enable authorities to deal with the possible abuse of crypto assets by bad actors.

What are your thoughts on Zimbabwe’s proposal to include VASPs in its Securities Act.

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