Zimbabwe requires crypto businesses to register and be subject to regulation, with an annual fee of $500.

According to Reuters, Zimbabwean Finance Minister Mthuli Ncube has issued new regulations requiring all cryptocurrency businesses engaged in the buying, selling, transferring, or custody of virtual assets to register annually with the Financial Intelligence Unit (FIU), the central bank's anti-money laundering agency, and pay an annual fee of $500. Operating without registration will be illegal. These new regulations provide the first dedicated over-the-counter and social media-based regulatory framework for the local cryptocurrency market, which has long lacked a legal framework. Zimbabwe previously banned financial institutions from participating in cryptocurrency trading in 2018, but rampant inflation and multiple currency reforms led to a surge in cryptocurrency use as people turned to digital assets like Bitcoin and cross-border remittances.