Zimbabwe Stock Exchange (ZSE) is interested in blockchain tech adoption if regulatory certainty issues have been resolved.
“Then there is the money side to blockchain technology. This is a bit difficult, in terms of regulation, we are not yet clear on this and we do not want to do something where regulation is not clear as an exchange. But the technology side is very good.” ZSE’s chief executive Justin Bgoni said.
ZSE is considering blockchain-based services and products in real estate investment trust securities, mineral commodities exchange, and exchange-traded funds.
Zimbabwe is known economically for the collapse of its national fiat currency in 2015. Since then, Zimbabwe has been the focus for numerous blockchain-based currency proposals and activity, from a paper arguing that Zimbabwe is an ideal environment for bitcoin firms to a blockchain summer school being opened in the country. However, in 2017, the Reserve Bank of Zimbabwe announced that bitcoin is illegal.