Regulatory Alerts2026-08-24
Added · Updated
Virtual Assets Act 2025
The Virtual Assets Act 2025 establishes the Non-Bank Financial Institutions Regulatory Authority as the regulator for virtual asset service providers and issuers of initial token offerings in Botswana. It prohibits unlicensed virtual asset businesses and mandates that license holders maintain a physical office in Botswana. The Act defines virtual assets, outlines licensing procedures, and imposes obligations on license holders regarding customer asset custody, market abuse prevention, and professional conduct.