money will soon have to verify the identity of their customersat the national level germany has cracked down on trading venues that lack permission to offer brokerage services and french authorities have said that online platforms for cryptoderivatives should face tough reporting and business conduct standards in the uk a parliamentary committee is looking at how to police digital currenciesrussias finance ministry unveiled draft legislation in january that would ban cryptocurrency payments while allowing icos and the exchange of virtual currencies into the traditional sort to make the rules permanent the ministry may have to overcome opposition from the nations central bankits mostly a gray area for cryptocurrency regulation in major african economies south africas markets regulator doesnt oversee virtual currencies or digitalasset exchanges though the central bank has said it will investigate an appropriate policy framework and regulatory regime in zimbabwe where digital currencies are traded on exchanges and used for remittance payments the monetary authority has warned about the risk of money laundering terrorism financing tax evasion and fraudits a similar story in kenya one of africas most techsavvy nations there bitcoin and other cryptocurrencies have grown in popularity even as officials have warned against trading them in nigeria cryptocurrency markets arent regulated but the central bank which likens bitcoin trading to gambling has said that will probably change