{"id":11458,"date":"2023-04-13T05:52:15","date_gmt":"2023-04-13T05:52:15","guid":{"rendered":"https:\/\/www.cryptoheretostay.com\/?p=11458"},"modified":"2023-04-13T05:52:15","modified_gmt":"2023-04-13T05:52:15","slug":"zambias-crypto-regulation-tests-to-be-wrapped-by-june-report","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=11458","title":{"rendered":"Zambia\u2019s crypto regulation tests to be wrapped by June: Report"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>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.<\/p>\n<p>In an April 12 Reuters interview, Zambia\u2019s innovation, science and technology minister, Felix Mutati, said the purpose of conducting the tests was to help the government \u201csee what would happen in the real world,\u201d to assist in forming crypto regulations.<\/p>\n<p>Zambia\u2019s central bank and securities regulator commenced the tests on Feb. 19, which Mutati said was looking to balance safety and innovation:<\/p>\n<p>\u201cOur main goal in the area of cryptocurrency is to strike a balance between innovation in terms of digital payments [&#8230;] against citizens\u2019 safety, particularly given that cryptocurrency is very volatile.\u201d<\/p>\n<p>Additionally, Mutati stated that before cryptocurrencies can be introduced, digital identities and other digital infrastructures need to be implemented.<\/p>\n<p><strong><em>Related:<\/em><\/strong><strong><em> <\/em><\/strong><strong><em>Swedish Riksbank report looks at collaboration with potential e-krona in retail payments<\/em><\/strong><\/p>\n<p>Although Zambia\u2019s debt restructuring process has been \u201clong delayed,\u201d with the largest portion of its debt owed to creditors from China, Mutati suggested it hasn\u2019t deterred investment in Zambia.<\/p>\n<p>\u201cWhat we are seeing is increased appetite to invest in Zambia.\u201d<\/p>\n<p>Zambia was the first African country to default at the start of the COVID-19 pandemic in 2020. In a separate April 12 Reuters report, the country\u2019s treasury secretary, Felix Nkulukusa, said thathe nation could lose the gains it achieved from its macroeconomic reforms if the debt restructuring is delayed further.<\/p>\n<p lang=\"en\" dir=\"ltr\">We continue engaging people on how we can achieve digital financial inclusion. pic.twitter.com\/twoMnmI4BK<\/p>\n<p>\u2014 Felix Chipota Mutati (@ChipotaFelix) April 6, 2023<\/p>\n<p>When Mutati initially announced the country would be testing technology for crypto regulation on Feb. 19, he stated that \u201cthrough digital payment platforms, people will become much more included in digital financial services.\u201d<\/p>\n<p>He added that \u201ccryptocurrency will be a driver for financial inclusion and a change maker for Zambia\u2019s economy.\u201d<\/p>\n<p>Many countries in the African region have made moves toward crypto adoption in recent times.<\/p>\n<p>The Central African Republic\u00a0made Bitcoin legal tender in April 2022, along with a regulatory framework for the use of cryptocurrency in the country.<\/p>\n<p>It was reported on Dec. 18 that the Nigerian government plans to pass a new law in the near future that will recognize \u201ccryptocurrency and other digital funds as capital for investment,\u201d despite banning crypto activity in 2021.<\/p>\n<p><strong><em>Magazine:<\/em><\/strong><strong><em> <\/em><\/strong><strong><em>BTC white paper hidden on macOS, Binance loses AUS license and DOGE news: Hodler\u2019s Digest, April 2-8<\/em><\/strong><\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/zambia-s-crypto-regulation-tests-to-be-wrapped-by-june-report\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s innovation, science and technology minister, Felix Mutati, said the purpose of conducting the tests was to help the government \u201csee what would happen [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-11458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11458"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11458\/revisions"}],"predecessor-version":[{"id":11460,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11458\/revisions\/11460"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/11459"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}