Mmegi

Crypto oversight gaps persist in Botswana

Digital future: Reviewers believe the country needs tighter oversight of the crypto sector PIC: WWW.LIVEMINT.COM
Digital future: Reviewers believe the country needs tighter oversight of the crypto sector PIC: WWW.LIVEMINT.COM

Botswana has made measurable progress in strengthening its Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) framework, but shortcomings remain in its oversight of Virtual Asset Service Providers (VASP).

This is according to the latest follow-up assessment conducted by the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG).

VASP are companies or individuals that help people buy, sell, exchange, store or manage virtual assets like cryptocurrencies.

Editor's Comment
Ruling party should tread carefully on cadre deployment

But on the particularly sensitive question of cadre deployment, the BNF must tread very carefully.The issue deserves robust debate, not ideological enthusiasm. Recent public comments from the BNF leadership are reassuring: the party has said that government positions should be based on merit and competence rather than party membership, and that it does not have a specific cadre-deployment policy.That principle should remain firmly at the centre...

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