87

6 ^{Towards a Regulatory}

Framework for the

Adoption and Use

of Cryptocurrencies

in Zimbabwe

Tinashe Mazorodze, Vusumuzi Sibanda

and Ruramayi Tadu

CONTENTS

6.1

Introduction and Background..........................................................................88

6.2

Literature Review............................................................................................89

6.2.1 An Overview of Cryptocurrency.........................................................89

6.2.2 Cryptocurrencies and Capitalization...................................................89

6.2.3 Barriers and Opportunities in Cryptocurrencies.................................90

6.2.4 The Regulation of Cryptocurrencies................................................... 91

6.3

Methodology....................................................................................................92

6.3.1 Target Population.................................................................................92

6.3.2 Sampling Technique............................................................................92

6.3.3 Sample Size.........................................................................................93

6.3.4 Research Instruments..........................................................................93

6.4

Discoveries and Deliberations.........................................................................94

6.4.1 Response Rate and Demographic Information....................................94

6.4.2 Most Preferred Investment..................................................................94

6.4.3 Reliability Analysis.............................................................................95

6.4.4 Establishing the Most Used Cryptocurrency in Zimbabwe................95

6.4.5 Factors Influencing Cryptocurrency Usage Selection.........................97

6.4.6 Barriers and Risks That Users Encounter in Trading

Cryptocurrency in Zimbabwe..............................................................99

6.4.7 Proffering Cryptocurrency Regulatory Framework for

Zimbabwean Market..........................................................................102

6.5

Conclusion and Recommendations................................................................ 105

DOI:  10.1201/9781003138082-6