Regulatory Alerts2026-01-01
Mandatory Registration of Virtual Assets and Stablecoin Service Providers Operating in Zambia
The Bank of Zambia mandates that all virtual asset and stablecoin service providers operating within the country register with the central bank by March 27, 2026. Commercial banks, non-bank financial institutions, and payment service providers must conduct due diligence on these providers, verify their registration status, and submit data on related payment transactions. Non-compliance will trigger regulatory sanctions under existing banking and payment systems legislation, as the framework seeks to mitigate money laundering risks and ensure financial stability while supporting technological innovation.
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