Crypto fraud shock: Batswana lose millions to scams
Friday, June 03, 2022 | 5680 Views |

People walking in main mall. PIC: PHATSIMO KAPENG
The poor response comes as a report from the Financial Intelligence Agency (FIA) indicates a 400% increase in the value of suspicious transaction reports received last year, with cryptocurrency scams leading the pack.
Under the Virtual Assets Act passed in February, all operators of cryptocurrency and other virtual assets offering these within Botswana were required to have approached NBFIRA by May 31 or face fines of up to P250,000 and/or five years in jail, should they continue operating. The new law, which Parliament passed in line with anti-money laundering global best practice covers Virtual Asset Service Providers (VASPs).
The walk serves to raise awareness of the prevalence and impact of using treatment to manage seizure attacks.While many are aware that epilepsy is a medical condition that requires specialised care by health practitioners, there are those who, unfortunately, have other ideas about the condition and often deny their children medical care.These individuals usually associate the medical condition with witchcraft and demonic attacks, and choose to...