Federal Government of Botswana Delivers Virtual Reality Products to Parliament

The Botswana government is expected to submit to Parliament a "virtual tool" that could make Botswana the first country to establish a cryptocurrency law in Africa. According to a recent Federal Gazette, the government of Botswana has developed data on virtual asset management and provided them with functions and management functions, which will now be expounded with reference to national legislation. In the letter, Botswana authorities not only acknowledged the cryptocurrency market, but also said they planned to engage in “regulatory, regulatory and anti-money laundering measures” and to financial assault "in law". These models also prevent growth risks associated with virtual assets, emerging markets and technology. Regarding the company or legal entity that provides the tokens, the law states that "if the applicant demonstrates that he has the procedures and resources necessary to carry out the operations of the tokens from the provider of virtual assets or the 'issuer of the ICO, and whether the applicant is a qualified person and can obtain license from the regulator.' in Chapter 11 (2) is in accordance with the provisions of the Financial Code.' (Bitcoin.com)