According to Foresight News and a report from Reuters, Zimbabwe's Finance Minister Mthuli Ncube has rolled out regulatory measures requiring businesses engaged in crypto trading, transfers, and custody to register annually with the Financial Intelligence Unit (FIU). The registration fee is set at $500 per year, and operating without registration will be deemed a violation. This marks the first set of specific regulatory guidelines for the crypto sector in Zimbabwe, which has long existed in a legal gray area. In 2018, Zimbabwe banned financial institutions from trading crypto, leading many traders to pivot to peer-to-peer platforms and social media. According to Chainalysis's Global Cryptocurrency Adoption Index, the on-chain trading value in Sub-Saharan Africa is expected to exceed $205 billion between July 2024 and June 2025, representing a 52% year-over-year increase.