GOVERNMENT is testing technology to enable regulation of cryptocurrency in the country.The testing is being done through the Security Exchange Commission (SEC) and Bank of Zambia (BoZ), says Technology and Science Minister Felix Mutati.Cryptocurrencies are digital currencies that use blockchain technology to record and secure every transaction used as a digital form of cash to pay for everyday items.The system however does not require a central authority as its state is maintained through distributed consensus.But Mr Mutati said while cryptocurrency was the future the country desired to achieve, there was need for a policy framework that supported this revolutionary technology.“The testing of the technology on regulating cryptocurrency will be upscaled in due course as part of deliberate measures to achieve an inclusive digital economy for Zambia.“Zambia is already putting in place appropriate digital infrastructure, attracting investments in technology and creating access thereby positioning itself to be a hub of technology in the region,” he said.Zambia, […]
Technology on cryptocurrency on the cards – Mutati
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