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Crypto Regulation in Zimbabwe

Restricted

The Reserve Bank of Zimbabwe banned financial institutions from dealing in crypto in 2018. However, crypto trading persists through P2P platforms. There is growing pressure to develop regulation.

Region: Africa SouthCurrency: ZWLRisk Score: 65/100

Tax Information

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
Mining Tax
No specific guidance
Summary
No crypto-specific tax framework. The RBZ ban makes formal taxation moot for most activities.

Licensing & Registration

License Required
No
Regulator
RBZ (Reserve Bank of Zimbabwe)
Framework
RBZ circular banning crypto dealings (2018)
License Types
--
Estimated Cost (USD)
N/A
Timeline
N/A months
Ease of Licensing
N/A
Notes
RBZ has maintained its ban on financial institutions facilitating crypto. Despite this, crypto adoption is significant due to currency instability.

AML / KYC

KYC Required
Yes
Travel Rule
No
FATF Member
No
FATF Status
Partially Compliant
Suspicious Activity Reporting
Yes

Mining

Mining Legal
Yes
Status
Restricted
Electricity Cost ($/kWh)
$0.1
Renewable Energy
15%
Climate
Tropical
Infrastructure
Moderate
Tax on Mining Income
24.72% corporate tax

DeFi, Stablecoins & NFTs

DeFi: restrictedStablecoins: no rulesNFTs: no_rulesCBDC: none

Soken Services

Legal Opinion
Available | $5,000 - $20,000 | 14 days
Banking
Difficulty: Very Hard | Crypto-friendly banks: none listed
Min. Deposit
$10,000
Fiat Rails
SWIFT, Local ACH
Card Payments
Visa, Mastercard

Sources

Reserve Bank of Zimbabwe
Reviewed: 2026-02-15likely

Frequently Asked Questions

Is crypto legal in Zimbabwe?
Cryptocurrency is currently classified as "Restricted" in Zimbabwe. The Reserve Bank of Zimbabwe banned financial institutions from dealing in crypto in 2018. However, crypto trading persists through P2P platforms. There is growing pressure to develop regulation.
What is the crypto tax rate in Zimbabwe?
In Zimbabwe, the personal capital gains tax on crypto is 20% CGT on specified assets, and the corporate tax rate is 24.72% corporate tax. No crypto-specific tax framework. The RBZ ban makes formal taxation moot for most activities.
Do I need a crypto license in Zimbabwe?
No, Zimbabwe does not currently require a specific crypto license, though other financial regulations may apply.
Is crypto mining legal in Zimbabwe?
Yes, crypto mining is legal in Zimbabwe. Electricity costs approximately $0.1/kWh. Mining income is taxed at: 24.72% corporate tax.
What are the AML/KYC requirements for crypto in Zimbabwe?
Yes, crypto businesses in Zimbabwe must comply with KYC (Know Your Customer) requirements. FATF compliance status: partially_compliant.