Jurisdiction reference
Zimbabwe
Regulator: RBZ. License/registration context: Ban. 1 VASP/entity record are tracked by Plexo Institute in Zimbabwe. Official registry source: RBZ — official regulator. Data last updated: 2026-09-24.
Zimbabwe does not have a comprehensive framework for stablecoins, but in 2023 the Reserve Bank introduced a gold-backed digital token (ZiG) to stabilize the economy and counteract inflation. Other foreign stablecoins circulate informally, but without regulation.
Regulatory Status
- Jurisdiction code
- ZW
- Regime
- Ban
- Regulator
- RBZ
- Governing law
- RBZ Directive 2018
- Tracked entities
- 1
- Recognized stablecoin backing
- fiat-backed, crypto-backed, commodity-backed, algorithmic
- Yield-bearing stablecoins
- Restricted
- Currency
- ZWL
Regulatory approach
The RBZ is the central bank of Zimbabwe, responsible for monetary policy and financial stability. It launched the ZiG (gold-backed digital token) to provide an alternative store of value amidst high inflation.
Licensed entities in Zimbabwe
1 regulated-entity record tracked in Zimbabwe by Plexo Institute.
| Entity | Status | License type |
|---|---|---|
| Golix | Registered | None (RBZ banned banks from processing) |
Stablecoin laws in Zimbabwe
Primary legal texts Plexo Institute tracks for Zimbabwe.
- Reserve Bank of Zimbabwe - Gold-Backed Digital Token (ZiG) Initiative (enacted 2023-05-08)
The RBZ introduced a gold-backed digital token, known as ZiG, as legal tender to support the Zimbabwean dollar, curb inflation, and provide citizens with a stable store of value.
Relationship Graph
Jurisdiction FAQ
Who regulates Zimbabwe?
The current Plexo Institute record lists RBZ as the regulator for Zimbabwe.
How many VASPs are tracked in Zimbabwe?
1 VASP/entity record are tracked by Plexo Institute in Zimbabwe.
What is the Travel Rule status in Zimbabwe?
The current Plexo Institute record lists the Travel Rule status for Zimbabwe as N/A.
Source Evidence
This profile is compiled from official legislation and regulator records. Source confidence: official source evidence.