mmegi

First crypto platform approaches NBFIRA

Friday, April 29, 2022 | 2410 Views |

At the helm: NBFIRA CEO, Oduetse Motshidisi. The regulator has been charged with regulating the cryptocurrency industry in the country

Nigerian cryptocurrency exchange, Yellow Card, says it has approached both the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) and the Financial Intelligence Agency for licensing of its operations in Botswana, BusinessWeek has learnt.

Cryptocurrency operators are required to be licensed with NBFIRA by May 25 or face fines of up to P250,000 and/or five years in jail, under the recently passed Virtual Assets Act.

Yellow Card, a cryptocurrency exchange that allows clients to buy, sell and store bitcoin and other virtual assets, is active in 16 African states.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

For the people: Stanbic Bank representatives in Letlhakane during an event. The bank has doubled down on its customer-focus and digital platforms PIC: FACEBOOK

Faulty gadgets top complaints to BOCRA

Mbongeni Mguni | 19 h ago

Civil Society fights 'flawed' constitutional amendment

Innocent Selatlhwa | 22 Apr 2024

Civil Society calls for Constitution review governing Act

Innocent Selatlhwa | 22 Apr 2024

IEC rejects 2,513 registrations

Innocent Selatlhwa | 22 Apr 2024

Motshegwa prevails against detractors

Goitsemodimo Kaelo | 22 Apr 2024

Serowe woman ingests acid, attempts suicide

Pini Bothoko | 22 Apr 2024

The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...

The Monitor Editor | 23 April 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

First crypto platform approaches NBFIRA

Nigerian cryptocurrency exchange, Yellow Card, says it has approached both the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) and the Financial Intelligence Agency for licensing of its operations in Botswana, BusinessWeek has learnt.

Stanbic pretax profits up 11%

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

Civil Society fights 'flawed' constitutional amendment

Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

Motshegwa prevails against detractors

Serowe woman ingests acid, attempts suicide

Inspect the voters' roll!