RBZ, SecZim design framework for virtual assets trading

THE Securities and Exchange Commission of Zimbabwe (SecZim) and Reserve Bank of Zimbabwe (RBZ) are working on a framework to facilitate the trading of virtual assets, it has been revealed.

Virtual assets relate to a digital representation of values that can be digitally traded or transferred, and can be used for payment or investment purposes, such as cryptocurrency, digital tokens, non-fungible tokens and code.

While the terms digital asset and virtual asset are sometimes used interchangeably, virtual assets typically refer to items that exist within a specific virtual context.

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