The Central Bank of Botswana has published a financial stability report, which indicated that cryptocurrencies pose minimal risks to the country's financial system. However, the regulator noted the need for increased supervision and regulation to prevent money laundering and the financing of illegal activities.
The bank emphasized that the anonymity of cryptocurrency transactions poses potential threats to the financial flow control system. In particular, such risks have already entered the top five threats to the national economy.
The bank's recommendations include developing laws to combat money laundering (AML) and terrorist financing (CTF), as well as strengthening cooperation with law enforcement agencies. The central bank aims to create a more secure cryptocurrency environment to minimize any possible risks.