🇧🇼 Botswana is exploring regulations for the crypto market!
- The Central Bank of Botswana stated that the domestic crypto market is underdeveloped, financial risks are low, but regulations are needed as a precaution for the future.
- Crypto is becoming increasingly interconnected with the financial system, posing systemic risks.
- Although it does not threaten financial stability, money laundering through digital platforms is a top security concern.
- The bank recommends close monitoring and cooperation with law enforcement to detect illegal activities.
What do you think about crypto regulations in Botswana? Share your thoughts! 💬