Vavada Banner
BTC $75,351.00 (-0.36%)
ETH $2,312.94 (-0.86%)
XRP $1.42 (-1.02%)
BNB $626.57 (+0.54%)
SOL $85.24 (-0.52%)
TRX $0.33 (-0.27%)
DOGE $0.09 (-0.11%)
HYPE $41.37 (-4.81%)
LEO $10.16 (+0.04%)
ADA $0.25 (-0.62%)
BCH $440.67 (-0.38%)
LINK $9.23 (-0.08%)
XMR $350.97 (-0.49%)
M $3.50 (+9.28%)
CC $0.15 (+4.23%)
XLM $0.17 (-1.48%)
ZEC $310.22 (-6.39%)
LTC $54.92 (-0.72%)
AVAX $9.24 (-0.23%)
HBAR $0.09 (+0.12%)

Botswana vs Libya

Crypto regulation comparison

← Back to map | Botswana | Libya
Botswana

Botswana

Libya

Libya

Legal
Banned

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.

Libya has a restrictive stance on cryptocurrency. The Central Bank of Libya has warned against crypto use. Political instability and a divided government complicate any regulatory development.

Tax Type None
Tax Type None
Tax Rate N/A
Tax Rate N/A
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining No No
Regulator Non-Bank Financial Institutions Regulatory Authority (NBFIRA)
Regulator Central Bank of Libya
Stablecoin Rules No stablecoin regulation
Stablecoin Rules No stablecoin regulation
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
  • Central Bank of Libya has warned against cryptocurrency use
  • No specific cryptocurrency legislation
  • Political instability limits regulatory development
  • Crypto used informally despite restrictions
  • No licensed crypto exchanges operate
Sources
Sources
OKX Banner