Zimbabwe Stablecoin Regulation

Stage: Proposed

Regulator: Reserve Bank of Zimbabwe (RBZ)

Zimbabwe does not have a comprehensive framework for stablecoins, but in 2023 the Reserve Bank introduced a gold-backed digital token (ZiG) to stabilize the economy and counteract inflation. Other foreign stablecoins circulate informally, but without regulation.

Applicable Laws:

• Reserve Bank of Zimbabwe - Gold-Backed Digital Token (ZiG) Initiative - https://www.rbz.co.zw/index.php/publications-notices/notices/press-release/1299-introduction-of-the-zimbabwe-gold-backed-digital-token-zig-as-a-means-of-payment