Yellow Card Botswana relishes Africa’s first crypto licence
Friday, October 28, 2022 | 1190 Views |
Cleaning house: Thobego says Yellow Card is launching a massive anti-scam campaign
Mmegi: What is the significance of receiving an operating licence to Yellow Card?
Thophego: It has a lot of significance looking at the context of the African market. Botswana is more harmonised for innovations to come and thrive and while many people are in crypto, there are also a lot of scams and Ponzi schemes.
That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...