Botswana vs Laos
Crypto regulation comparison
Botswana
Laos
Legal
Legal
Botswana passed the Virtual Assets Act in 2022, first African country to issue crypto licenses. NBFIRA supervises VASPs. 4 licensed entities as of 2024. Penalties up to P250,000 or 5 years imprisonment.
Laos authorized cryptocurrency mining and trading through a 2021 pilot program (PM Notification No. 1158). Six companies were initially licensed, growing to 15+ by 2023. Mining operations must be 100% Lao-owned and use at least 10MW from Électricité du Laos. Two crypto exchanges (LDX, Bitqik) registered with Bank of Lao PDR.
Tax Type
None
Tax Type
Unclear
Tax Rate
N/A
Tax Rate
15% on transaction fees
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
Non-Bank Financial Institutions Regulatory Authority (NBFIRA)
Regulator
Ministry of Technology and Communications, Bank of the Lao PDR
Stablecoin Rules
No stablecoin regulation
Stablecoin Rules
No specific stablecoin regulation; pilot covers BTC, ETH, LTC
Key Points
- Virtual Assets Act enacted in 2022, effective Feb 22, 2022
- First African country to issue crypto licenses via NBFIRA
- 4 licensed VASPs as of December 2024
- Bank of Botswana assesses domestic crypto risks as minimal
- Unregistered crypto dealers face fines up to P250,000 or imprisonment
Key Points
- PM Notification No. 1158 (2021) authorized pilot crypto mining and trading
- Two licensed exchanges: LDX and Bitqik, registered with Bank of Lao PDR
- Mining leverages surplus hydroelectric power from Électricité du Laos
- Mining must be 100% Lao-owned; trading platforms require 51% Lao ownership
- 15% tax on transaction fees; M security deposit required for exchanges