Zambia’s crypto regulation tests to be wrapped by June: Report
According to Zambia’s tech minister, Felix Mutati, the country needs digital identities and other necessary digital infrastructures before it introduces crypto. Cryptocurrency regulation tests aiming to help shape crypto laws in Zambia that simulate the real-world use of crypto are on track to finish by June. In an April 12 Reuters interview, Zambia’s innovation, science and technology minister, Felix Mutati, said the purpose of conducting the tests was to help the government “see what would happen in the real world,” to assist in forming crypto regulation s. Zambia’s central bank and securities regulator commenced the tests on Feb. 19 which Mutati said was looking to balancing safety and innovation: “Our main goal in the area of cryptocurrency is to strike a balance between innovation in terms of digital payments [...] against citizens’ safety, particularly given that cryptocurrency is very volatile.” Additionally, Mutati stated that before cryptocurrencies can be introduced, ...