In the latest altcoin news, we are focusing on blockchain technology and the Zimbabwe Stock Exchange which seems interested in it. According to the chief executive officer (CEO) of the Zimbabwe exchange, Justin Bgoni, ZSE is interested in adopting blockchain technology but only if regulatory certainty can be achieved.
As a new report by the local news daily outlet The Chronicle shows in the latest cryptocurrency news, Bgoni is in favor of blockchain technology. However, he will wait to apply the technology at Zimbabwe Stock Exchange until the regulatory certainty issues have been resolved.
“Then there is the money side to blockchain technology. This is a bit difficult, in terms of regulation, we are not yet clear on this and we do not want to do something where regulation is not clear as an exchange. But the technology side is very good,” the chief executive of Zimbabwe Stock Exchange said.
Right now, the regulatory certainty in the crypto space is pursued in several jurisdictions. As per the newly reintroduced Token Taxonomy Act (TTA) in the United States, regulatory certainty for crypto needs to be carried out by introducing uniform definitions and reclassifying it.
In a related interview, the Central Dipository and Settlement corporation (CDSC) Kenya CEO Mrs. Rose Mlambo spoke confidently about blockchain which is somehow linked to ZSE and its interest. She said:
“Blockchain is the next big step in technology on our capital markets as Africa. It is good and enhances the security of your investment, every time you do a transaction it is recorded everywhere and cannot be altered at any stage. This is what investors want to boost their confidence,” she said.
As many best cryptocurrency news sites report, the Zimbabwe Stock Exchange is considering blockchain-based services and products in real estate investment trust securities, mineral commodities exchange and exchange-traded funds.
Meanwhile, Zimbabwe is known economically for the collapse of its national fiat currency back in 2015. Ever since then, the country has been in the focus of many blockchain-based currency proposals and activity. One paper has argued that the country is an ideal environment for Bitcoin firms and many blockchain projects.
In 2017, the Reserve Bank of Zimbabwe (RBZ) – which is the country’s central bank – touched the topic of crypto regulation and officially announced that Bitcoin is illegal in the country. That said, the RBZ Director and Registrar Norman Mataruka commented that the bank had begun investigating the risks of cryptocurrency and that it would need to create a new regulatory framework for digital assets before they could legalize cryptocurrencies.
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