Zimbabwe might be the next country to accept Bitcoin as a form of payment.

Zimbabwe has been paying attention to the growing demand for cryptocurrency among its citizens, which it sees as a potential source of revenue. The country has also shown an interest in regulating the entire industry.

According to local reports, Zimbabwe’s government is considering using Bitcoin (BTC) as a legal payment option to address this rising demand and harness the technology.

According to the report, permanent secretary and head of the office of the president and cabinet’s e-government technology section, retired Brigadier Colonel Charles Wekwete, indicated that talks with firms are already ongoing.

Unregistered cross-border transactions, externalization of money, money laundering, and ill-gotten cash flow into future criminal or unlawful acts are all drawbacks of the decentralized ecosystem, according to Wekwete.

He also claimed that officials are working to implement legislation that would safeguard consumers while also assisting the country’s financial destiny. As a result, the administration has solicited input from several industries before implementing any major policy changes.

According to the official, Zimbabwe has not yet made any big pronouncements, and the country is still in the consultation stage.