Cryptocurrency dealings are restricted in Zimbabwe, with the Reserve Bank of Zimbabwe having issued circulars banning crypto transactions since 2018. There is no clear regulatory framework supporting crypto activities.
| Status | Restricted |
| Risk Score | 55/100 (High Risk) |
| Region | africa south |
| Currency | ZWL |
| Capital Gains (Personal) | 20% CGT on specified assets |
| Capital Gains (Corporate) | 24.72% corporate tax |
| VAT on Crypto | No |
| Staking Tax | No specific guidance |
| Airdrop Tax | No specific guidance |
No crypto-specific tax framework. The RBZ ban makes formal taxation moot for most activities.
| Required | Yes |
| Regulator | RBZ |
| Framework | RBZ circular banning crypto dealings (2018) |
RBZ has maintained its ban on financial institutions facilitating crypto. Despite this, crypto adoption is significant due to currency instability.
RBZ enforces banking prohibition on crypto services.
| KYC Required | Yes |
| Travel Rule | No |
| FATF Member | No |
| FATF Status | partially_compliant |
| FATF Body | ESAAMLG |
| Suspicious-Activity Reporting | Yes |
Status: Restricted
Banking ban effectively restricts DeFi on/off-ramps.
Status: no_rules
No framework; stablecoins widely used due to local currency instability.
Status: no_rules
No regulation.
| Legal | No |
| Electricity Cost | $0.1/kWh |
| Renewable Energy | 15% |
| Infrastructure | fair |
Mining is restricted due to regulatory bans on crypto dealings. Electricity cost is relatively high, and infrastructure is moderate. Renewable energy share is low.
| Stability | unstable |
| Sanctions | Yes |
| Corruption Index | 26/100 |
| Banking Access | restricted |
Risk Factors
Zimbabwe-specific US sanctions program terminated March 2024 (Biden EO); replaced by Global Magnitsky designations of 11 individuals + 3 entities. EU lifted all targeted financial sanctions Feb 2025 but renewed arms embargo through Feb 2027. UK cleared list May 2025. Country NOT on FATF grey/black list. ZiG (gold-backed currency) launched April 2024, lost ~50% official value by Oct 2024.
Cryptocurrency dealings are restricted in Zimbabwe, with the Reserve Bank of Zimbabwe having issued circulars banning crypto transactions since 2018. There is no clear regulatory framework supporting crypto activities.
Zimbabwe is classified by FATF as: partially_compliant.
Yes, licensing is required for VASPs.
KYC is mandatory for crypto businesses.
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Explore IT Services →Last reviewed: 2026-06-01 · Data source: Soken Crypto Legal Map
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