Botswana Cryptocurrency Regulation: Government Set to Present Virtual Asset B...
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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Yellow Card’s CEO said that the Botswana VASP license is the first license for African crypto exchanges established by an African country. African crypto exchange Yellow Card has received a significant regulatory approval to continue expanding its operations across the continent.Yellow Card has obtained a virtual asset service provider (VASP) license from the Non-Bank Financial Institution Regulatory Authority (NBFIRA) of Botswana, according to the Oct. 19 announcement.The new license officially authorizes Yellow Card to allow its customers to buy and sell Bitcoin (BTC), Ether (ETH) and....
Since the realm of virtual currencies is a decentralized industry, there is no single monetary authority or government agency implementing bitcoin regulation these days. In the United States, state governments are in charge of coming up with the necessary legislation to oversee the activity of bitcoin companies and enforcing the rules. For the Uniform Law Commission (ULC), there is a need for a unified bitcoin regulation law, as this could help strike the balance between consumer protection and encouraging innovation. The group recently released a discussion-only draft of their proposed....
Yellow Card, an Africa-focused cryptocurrency exchange platform, recently said it has received a virtual asset service provider (VASP) license to operate in Botswana. Granted by the country’s Non-Bank Financial Institutions Regulatory Authority, Yellow Card’s license allows the crypto exchange to bolster its operations on the continent. Working With Regulators The Africa-focused cryptocurrency exchange platform, Yellow Card, recently revealed it had received a virtual asset service provider (VASP) license to operate in Botswana. The licence, which was issued by Non-Bank....
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....