Tunisia vs Zimbabwe
Crypto regulation comparison
Tunisia
Zimbabwe
Tunisia restricts cryptocurrency activities. The Central Bank of Tunisia has not authorized any crypto exchanges, and foreign exchange regulations effectively prohibit crypto transactions. Tunisia's strict capital controls make legal crypto trading very difficult. Despite restrictions, some Tunisians access crypto via P2P platforms and VPNs.
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.
Key Points
- BCT has not authorized or licensed any crypto exchanges
- Foreign exchange regulations effectively prohibit crypto transactions
- Strict capital controls limit the ability to legally purchase crypto
- No specific crypto legislation — restrictions stem from existing financial laws
- Some informal P2P crypto activity exists despite restrictions
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