Botswana's central bank has emphasized the importance of establishing regulatory frameworks for the country's emerging crypto markets.

These markets, although currently underdeveloped, could pose risks to the broader financial system as they become more integrated.

The central bank acknowledges that the risks associated with crypto assets are currently low but remains vigilant about potential misconduct in the sector.

The bank has also highlighted the significant security risks posed by digital payment instruments, particularly in relation to money laundering and terrorist financing.

The anonymity provided by these platforms raises concerns about illicit financial activities, necessitating increased market surveillance and collaboration with law enforcement agencies.

As the digital asset landscape evolves, robust oversight mechanisms are increasingly crucial to safeguard the financial system.