NBFIRA licences Yellow Card exchange

Wednesday, October 12, 2022 | 1760 Views |

In check: NBFIRA requires all cryptocurrency operators including exchanges to licence if they offer services in Botswana PIC.WWW.LIVEMINT.COM

African cryptocurrency exchange, Yellow Card, has received licensing to conduct its business in the country, the first operator to be permitted under the new Virtual Assets Act.

In a notice on Tuesday, the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) said it had issued a licence to Yellow Card Botswana, the African exchange’s local unit.

Under the Virtual Assets Act, passed in February, any operator providing cryptocurrency and related virtual assets in Botswana is required to be licensed with NBFIRA or face fines of up to P250,000 and/or five years in jail.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Sunbet Simply Piano set to light up Royal Aria

Correspondent | 1 h ago

Inflation slows despite tariff jump

Mbongeni Mguni | 19 h ago

Seven fraud counts haunt Balopi

Larona Makhaiza | 20 h ago

The Duma Boko primary school donation debate

Onneetse Ramogapi | 22 h ago

BETP turns in its six-month report card

Mbongeni Mguni | 1d ago

‘Kanreki’: 60 and still being young

BONGI D D M RADIPATI* | 1d ago

Abi, Araga Evicted from Big Brother Naija Show Ya Sef

correspondent | 14 Sep 2026

FMD crisis turns political

Spira Tlhankane | 2d ago

The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

Mmegi Editor | 11 September 2026

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.