Securities and Exchange Commission of Zimbabwe brings virtual asset activities and VASPs under its regulatory and supervisory purview

The Securities and Exchange Commission of Zimbabwe has issued a public notice stating that, following amendments to the Securities and Exchange Act, virtual asset activities and Virtual Asset Service Providers listed in section 49B of the Act now fall within its regulatory and supervisory remit. Firms already conducting, or planning to conduct, virtual asset business are directed to review the requirements in Part V A of the Act and assess how the framework applies to their business models and proposed activities. The notice also clarifies the division of responsibilities with the Money Laundering and Proceeds of Crime (Virtual Assets Providers Registration) Regulations under Statutory Instrument 99 of 2026. Those regulations primarily cover anti-money laundering, counter-terrorist financing and counter-proliferation financing obligations, while the Commission's role covers licensing, regulation, prudential supervision and market conduct supervision of virtual asset activities. The Commission said it will issue further rules and guidance in due course on licensing requirements, application procedures, transitional arrangements and compliance expectations for VASPs.