According to a report, Zimbabwe Stock Exchange (ZSE) will adopt blockchain products and is awaiting clarification from regulatory authorities. CEO Justin Bgoni says ZSE is ready to adopt blockchain technology after it receives regulatory clarity. Bgoni is an admirer of blockchain technology. He is hanging tight to apply blockchain innovation at ZSE until administrative issues have been settled. Several jurisdictions as of late are considering the administrative clarity of the crypto spaces.

Apparently, ZSE is thinking about blockchain-based administrations and items in the land venture, minerals commodities exchange and exchange-traded funds. Zimbabwe is infamous for the breakdown of the national fiat currency back in 2015. The country is now the hub for various blockchain currency prospects.

Though RBZ is ready to welcome the cryptocurrency in the country, it is almost ironical the national bank banned bitcoin. In 2017, The Reserve Bank of India declared Bitcoin illegal. That being stated, RBZ Director and Registrar Norman Mataruka remarked that the bank had started researching the dangers of crypto. It will need to make an administrative system for advanced resources before they could possibly legitimize cryptographic forms of money.

If ZSE will adopt blockchain products there is a great possibility of the technology ruling the country, especially when it suffered the breakdown of its currency.