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Zimbabwe launches carbon credit trading Blockchain sign up system
According to Jinse Finance, the Zimbabwean government has officially launched a carbon credit registration system based on Blockchain technology, aimed at enhancing transaction transparency and rebuilding investor confidence. The country’s Environment Minister, Evelyn Ndlovu, stated at the launch ceremony in Harare that the system, developed by Dubai’s A6 Labs, enables the entire process of carbon credit issuance, trading, and cancellation to be traceable, ensuring data integrity. Previously, the country faced operational disruptions for international developers, including the Kariba Redd+ project, due to the sudden cancellation of several carbon credit projects and the imposition of a 50% revenue tax in 2023.