BoB keeps hawkeye on digital currencies

Moses Pelaelo's BoB is monitoring new payment methods
Moses Pelaelo's BoB is monitoring new payment methods

The Bank of Botswana (BoB) says it is keeping a close watch on cryptocurrencies that seem to be gradually making their way into the country.

Cryptocurrencies, described as digital or virtual currencies that use cryptography for security, are yet to be brought under any regulatory framework in Botswana.

Bitcoin, a virtual currency whose value has been soaring in international markets in recent months, is  said to be by far the most famous of these cryptocurrencies.

Editor's Comment
Keep your mask close

Wearing of masks behind closed doors has been mandatory following the government’s August decision that the public was freed from masking in outdoor spaces.According to a press statement from the ministry, all other remaining COVID-19 protocols such as social distancing in schools and requirements for vaccination or PCR tests at ports of entry have also been relaxed.Statistics still show that hundreds still die daily due to the pandemic around...

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