The Reserve Bank of Zimbabwe’s Financial Intelligence Unit (FIU) issued a June 16 directive compelling every virtual asset service provider to complete formal registration with the authority, marking a decisive step toward tighter oversight of the crypto sector.
Regulatory Framework Enhancements
The Finance Act No 7 of 2025, enacted in December 2025, amended Section 2 of Zimbabwe’s Money Laundering and Proceeds of Crime Act to embed virtual asset service providers within the statutory definition of a “financial institution.” This amendment extends the law’s reach to entities that facilitate cryptocurrency exchanges, custody, and related financial services.
Acting on the expanded mandate, the Minister of Finance gazetted the Money Laundering and Proceeds of Crime (Virtual Asset Service Providers Registration) Regulations on June 10