https://www.techzim.co.zw/2022/02/2022-mps-wrap-mobile-money-limits-crypto-remittances-more/

Feb. 8, 2022

The Reserve Bank of Zimbabwe (RBZ) increased the mobile money limits for both person-to-business and person-to-person transactions, as well as bank withdrawal limits. In Q3, 2021 a US$50 facility for the general public who cannot use the Foreign Exchange Auction. RBZ is also creating a roadmap to have a central bank digital currency (CBDC).

Approval of the Cyber Protection, Data Protection, and Electronic Transactions Bill by Cabinet.

Cabinet approved the Cyber Crime, Security and Data Protection Bill which seeks to combat cyber crimes and enhance security in the wake of rampant abuse of the platform.The Bill, which provides for an array of issues such as code of conduct and ethics, data protection authority and penalties for violations, will be gazetted soon.

Cabinet approves principles of the Cyber Protection, Data Protection, and Electronic Transactions Bill

Principles of the Cyber Protection, Data Protection, and Electronic Transactions Bill were approved by Cabinet on 19 December 2018. The Bill is meant to provide comprehensive guidelines on cybercrimes, use of electronic data and transactions, among others.