BoB closes door on cryptocurrencies
Friday, April 09, 2021
On Tuesday, Reuters reported that the global cryptocurrency market capitalisation had hit an all-time peak of $2 trillion (P22 trillion), led by its most popular product, Bitcoin, whose own market capitalisation was at a record $1 trillion (P11 trillion).
Bitcoin was by far the world’s top-performing asset class last year, rising by 300% and providing returns 10-times better than the next best performing asset. The cryptocurrency’s performance beat the combined gains of gold and the Dow Jones stock market by a factor of 10, as investors flocked to Bitcoin with the coronavirus (COVID-19) decimating economies and traditional markets.
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...