According to recent news from foreign media, although the Zimbabwean central bank RBZ has previously stated that it will create an encrypted regulatory sandbox, local industry insiders have warned against being too excited and urged to wait for the results. In March this year, the bank announced that it had begun drafting a policy framework. According to reports, this framework is a regulatory sandbox that will evaluate how cryptocurrency companies operate. Also in March this year, Apollo Fintech of the United States and the Zimbabwean government-owned bank CBZ signed a memorandum of agreement on "development and operation of three national-level solutions." However, some local crypto industry participants are still skeptical of these plans.