Botswana’s Financial Stability Council finds minor threats from fintech and virtual assets. While currently viewed as underdeveloped, the risks are projected to grow with technology. The Council sees the burgeoning fintech sector as one of the top five threats.
Botswana leads in African crypto regulation, prompted by the need to tackle money laundering and terrorism financing. The launch of the National Fintech Working Group in January 2024 highlights efforts to integrate fintech into financial services effectively.