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First crypto platform approaches NBFIRA

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

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Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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