Zambia is set to finish running tests that mimic real-world crypto transactions by June to help set up regulations for the sector. By camomileshumba
. The results from the simulations will assist policymakers in formulating regulations for the sector, according to the minister.
"Our main goal in the area of cryptocurrency is to strike a balance between innovation in terms of digital payments ... against citizens' safety, particularly given that cryptocurrency is very volatile," Mutati told Reuters. Zambia has taken a cautious approach towards crypto. The country's central bank issued a warning in February saying"people who want to deal in them [crypto] should have a clear understanding of all the risks that come with such payment and investment instruments,”
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