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Botswana vs Mauritania

Crypto regulation comparison

← Back to map | Botswana | Mauritania
Botswana

Botswana

Mauritania

Mauritania

Legal
Restricted

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.

Mauritania has a restrictive stance on cryptocurrency. Islamic finance principles influence the financial regulatory approach. The central bank has warned against crypto use.

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 Banque Centrale de Mauritanie
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 has warned against cryptocurrency use
  • Islamic finance principles influence regulatory approach
  • No specific cryptocurrency legislation
  • Limited crypto infrastructure
  • Financial institutions discouraged from dealing in crypto
Sources
Sources
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