Zimbabwe establishes National Risk Assessment Coordination Committee to understand local crypto ecosystem

Odaily News The Zimbabwean government has established the National Risk Assessment Coordination Committee (NRACC), a multi-stakeholder committee responsible for consulting stakeholders in the cryptocurrency ecosystem. NRACC aims to determine the nature and scope of Zimbabwe's cryptocurrency ecosystem and will also assess the risks associated with cryptocurrencies, such as their potential abuse for money laundering, financing terrorism and other illegal activities. Ultimately, NRACC will propose a suitable regulatory framework for cryptocurrencies and their service providers, inviting local and foreign crypto asset service providers to contribute to the national assessment process by filling out a questionnaire. (Bitcoin.com)