Zimbabwe Introduces New Cryptocurrency Registration Rules
- Registration Requirement Implementation: Zimbabwe mandates annual registration for cryptocurrency businesses with a $500 fee, marking the first formal regulatory framework for a sector that has long operated without oversight, ensuring legal compliance for companies.
- Enhanced Compliance Obligations: The new rules require companies dealing with digital assets to obtain approval before operating and comply with anti-money laundering obligations, thereby strengthening financial crime monitoring and enhancing the country's reputation with international financial watchdogs.
- Market Background Shift: Interest in cryptocurrencies continues to grow among Zimbabweans amid economic challenges, particularly following severe hyperinflation, leading many to turn to Bitcoin and other digital assets as alternative stores of value, reflecting a loss of trust in traditional financial systems.
- Regional Trend Response: The introduction of this registration framework aligns with regulatory trends across Africa, as data shows that Sub-Saharan Africa received over $205 billion in on-chain value between 2024 and 2025, a 52% increase, indicating rising demand for cryptocurrencies.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK). As of , Lorenzo Protocol (BANK) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 4 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000227 | 0.0114 | 0.0256 | 0.0368 | 0.051 | 0.0622 | 0.0764 |
| Fibonacci | 0.0114 | 0.0211 | 0.0271 | 0.0368 | 0.0465 | 0.0525 | 0.0622 |
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