Botswana has lawfully ventured into the digital asset space through its Virtual Assets Act (2022), which enables licensing of virtual asset service providers (VASPs), making Yellow Card the first licensed provider. The Bank of Botswana has publicly acknowledged crypto markets pose "minimal" financial stability risks for now. But it's sounding alarms around money laundering, terrorist financing, and the necessity for future regulatory frameworks. A feasibility study into a CBDC also underscores Botswana's forward-looking posture.
