Zimbabwe stock exchange (ZSE) chief executive Justin Bgoni says ZSE is curious about adopting blockchain technology if regulative certainty may be achieved, as per a report by local news daily The Chronicle on May 20

Bgoni, whereas in favor of blockchain technology, is waiting to use blockchain technology at ZSE till regulative certainty problems are resolved:

“Then there's the money aspect to blockchain technology. this can be a bit tough, in terms of regulation, we don't seem to be yet clear on this and that we don't need to dod do} one thing where regulation isn't clear as an exchange. However, the technology facet is extremely sensible.”

Regulatory certainty for the crypto areas is presently being pursued in many jurisdictions. The new reintroduced Token Taxonomy Act (TTA) within the u. s. for instance, seeks to supply regulative certainty for crypto by introducing uniform definitions and reclassifying it.

ZSE is considering blockchain-based services and products in property investment trust securities, mineral commodities exchange, and exchange-traded funds, per the report.

As antecedently reported by Top Market Group, Zimbabwe is understood economically for the collapse of its national enactment currency in 2015. Since then, Zimbabwe has been the main focus for various blockchain-based currency proposals and activity, from a paper controversy that Zimbabwe is a perfect environment for bitcoin (BTC) companies to a blockchain summer school being opened within the country.

In 2017, however, the reserve bank of Zimbabwe (RBZ) — the country’s financial organization — proclaimed that bitcoin is unlawful. That being stated, RBZ Director and Registrar Norman Mataruka commented that the bank had begun investigation the risks of crypto, which it might have to create a regulative framework for digital assets before they might doubtless legalize cryptocurrencies.

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