Bitcoin in Botswana
Africa is often touted as the region most likely to benefit from Bitcoin. However, for the most part, the technology has yet to take off in any meaningful way. A recent survey by mobile platform Jana interviewed 1,800 people across 9 emerging markets. This included respondents from Africa's leading market, South Africa. Of the survey group, only 13% had....
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The Botswana government is set to present a “Virtual Asset Bill” to the country’s parliament, a move that could see it become one of the first countries in Africa to have laws regulating cryptocurrencies.
Preventing the Proliferation of Risks Associated With Cryptos
A Botswana government draft document that proposes to regulate new and developing virtual assets businesses, as well as to provide a regulatory body with its functions and powers, is now set to be presented before the country’s lawmakers, a recent government gazette has shown.
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From 25-26 November, members of the global Bitcoin community will gather at the University of Botswana for the inaugural Botswana Blockchain Summit. Conference Founders, Alakanani Itireleng of Satoshicentre and Kesego Tumisang of Google Developers Group of Gaborone, aim to educate attendees on Bitcoin and blockchain technology with local and....
Bitcoin continues to make inroads in Africa. One particular African country pushing the penetration of the digital currency is Botswana. The Satoshi Centre in collaboration with GDG Gaborone and Partners are putting together the first ever Botswana Bitcoin & Blockchain Summit. It is scheduled from 25-26 November, 2016, at the Botswana University in Gaborone. With the theme ‘Bitcoin & Blockchain: The Only Chance for Africa to Empower her People’, the summit will host 150 people from across Botswana and Africa. Participation is free. Rationale behind summit. Coin Telegraph spoke to....
The Bank of Botswana (BOB) has said the country does not have a specific legal or regulatory framework pertaining to crypto assets. The bank does, however, warn residents investing in cryptocurrencies that they will have no legal recourse should they suffer financial losses.
Central Bank Responding to Public Inquiries
In its statement released on November 10, the central bank starts by acknowledging that local residents, just like their counterparts around the world, are engaged in cryptocurrency trading. In addition, the BOB also acknowledged that it has been receiving and....
Botswana's first Bitcoin ATM, a Skyhook model, has landed in the country. Originally owned by the Taurus Bitcoin Exchange, its relatively-long processing time was considered untenable in the saturated Canadian market. Its small size and extreme affordability, however, made it perfect for donating to send to Africa. It's headed to Satoshi Center in Gaborone, a cryptocurrency incubator soon to be established. The tech team there-eager to get their hands on relatively-expensive technology-will retrofit it to accept South African rands (commonly resorted to in the region) until the Botswana....