mmegi

Yellow Card Botswana relishes Africa’s first crypto licence

Cleaning house: Thobego says Yellow Card is launching a massive anti-scam campaign
Cleaning house: Thobego says Yellow Card is launching a massive anti-scam campaign

Pan-African crypto exchange, Yellow Card, plans to use its position as the country and continent’s first licensed operator to squeeze out scammers and set industry standards. Staff Writer, MBONGENI MGUNI speaks to Yellow Card country manager, Keletso Thophego on a fintech sector where an estimated 40,000 Batswana are active

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.

Editor's Comment
Our digital safety is in our hands

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...

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