BTC $66,290.00 (-1.25%)
ETH $1,924.43 (-2.17%)
XRP $1.39 (-4.64%)
BNB $600.58 (-2.44%)
SOL $80.63 (-1.92%)
TRX $0.28 (+0.51%)
DOGE $0.10 (-3.46%)
BCH $550.03 (-1.23%)
ADA $0.27 (-4.22%)
LEO $8.69 (+1.80%)
HYPE $28.41 (-2.21%)
XMR $328.97 (-2.45%)
LINK $8.43 (-3.34%)
CC $0.16 (-5.54%)
XLM $0.16 (-3.99%)
RAIN $0.01 (-1.30%)
ZEC $259.80 (-7.31%)
HBAR $0.10 (-3.64%)
LTC $51.84 (-4.12%)
AVAX $8.80 (-2.63%)

Botswana vs Madagascar

Crypto regulation comparison

← Back to map | Botswana | Madagascar
Botswana

Botswana

Madagascar

Madagascar

Legal
No Regulation

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.

Madagascar has no specific cryptocurrency regulation. The central bank has not issued formal guidance on crypto. Crypto operates in a legal gray area.

Tax Type None
Tax Type None
Tax Rate N/A
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Non-Bank Financial Institutions Regulatory Authority (NBFIRA)
Regulator Banque Centrale de Madagascar
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
  • No specific cryptocurrency legislation
  • Central bank has not issued formal crypto guidance
  • Crypto not recognized as legal tender
  • Limited crypto adoption and infrastructure
  • No licensing framework for crypto businesses
Sources
Sources