Puerto Rico vs Zimbabwe
Crypto regulation comparison
Puerto Rico
Zimbabwe
No Data
Restricted
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Zimbabwe has restricted cryptocurrency through its central bank. The RBZ banned financial institutions from processing crypto transactions in 2018. However, in a unique move, the RBZ issued gold-backed digital tokens (ZiG tokens) in 2023 as a store of value. Zimbabwe has a history of currency instability (hyperinflation, currency collapses) which drives informal crypto adoption for hedging and remittances.
Tax Type
Unclear
Tax Type
None
Tax Rate
N/A
Tax Rate
N/A
Exchanges
No
Exchanges
No
Mining
No
Mining
Yes
Regulator
-
Regulator
RBZ (Reserve Bank of Zimbabwe)
Stablecoin Rules
-
Stablecoin Rules
No private stablecoin regulation; RBZ introduced gold-backed ZiG digital token as state currency
Key Points
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Key Points
- RBZ banned banks and financial institutions from servicing crypto in 2018
- RBZ issued gold-backed digital tokens (ZiG) in 2023 as a CBDC-like instrument
- No licensing framework for crypto exchanges
- Informal crypto adoption driven by currency instability and remittance needs
- Crypto ownership itself is not explicitly criminalized for individuals
Sources
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