Zimbabwean government establishes NRACC to understand local crypto ecosystem

The Zimbabwean government has established a multi-stakeholder committee responsible for consulting stakeholders in the cryptocurrency ecosystem. The committee is called the National Risk Assessment Coordination Committee (NRACC) and aims to determine the nature and scope of the Zimbabwean cryptocurrency ecosystem. It will also assess the risks associated with cryptocurrencies, such as their potential use for money laundering, terrorism financing, and other illegal activities. Ultimately, NRACC will propose appropriate regulatory frameworks for cryptocurrencies and their service providers. Local and foreign cryptocurrency asset service providers are invited to contribute to the national assessment process by filling out a survey.