BTC $67,686.00 (+1.38%)
ETH $1,954.85 (-0.59%)
XRP $1.41 (+0.27%)
BNB $611.50 (+0.72%)
SOL $82.96 (+1.68%)
TRX $0.28 (+1.29%)
DOGE $0.10 (+1.61%)
BCH $559.19 (+0.72%)
ADA $0.27 (-0.12%)
LEO $8.62 (-0.25%)
HYPE $29.36 (+2.60%)
XMR $332.37 (+2.61%)
LINK $8.59 (-0.50%)
CC $0.16 (-1.65%)
XLM $0.16 (-0.36%)
RAIN $0.01 (-2.82%)
ZEC $264.50 (+1.56%)
HBAR $0.10 (-0.72%)
LTC $53.24 (+0.04%)
AVAX $8.94 (+1.01%)

Rwanda vs Zimbabwe

Crypto regulation comparison

← Back to map | Rwanda | Zimbabwe
Rwanda

Rwanda

Zimbabwe

Zimbabwe

Restricted
Restricted

Rwanda is developing a comprehensive crypto regulatory framework. The NBR and Capital Markets Authority are drafting a law requiring VASPs to obtain CMA licenses. The draft law prohibits crypto as legal tender, bans mining and crypto ATMs, and imposes fines up to 30M RWF and imprisonment for unlicensed operators.

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 None
Tax Type None
Tax Rate N/A
Tax Rate N/A
Exchanges No No
Exchanges No No
Mining No No
Mining Yes Yes
Regulator National Bank of Rwanda (NBR), Capital Markets Authority (CMA)
Regulator RBZ (Reserve Bank of Zimbabwe)
Stablecoin Rules Draft law prohibits crypto as payment; mining and crypto ATMs banned
Stablecoin Rules No private stablecoin regulation; RBZ introduced gold-backed ZiG digital token as state currency
Key Points
  • Draft law requires VASPs to obtain licenses from Capital Markets Authority
  • Crypto prohibited as legal tender or payment method under draft law
  • Crypto mining, crypto ATMs, and mixer/tumbler services banned
  • Penalties include fines up to 30M RWF and up to 5 years imprisonment
  • Framework driven by FATF compliance on AML requirements
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
Sources