Vavada Banner
BTC $68,657.00 (-0.71%)
ETH $2,106.16 (-1.25%)
BNB $598.51 (-0.61%)
XRP $1.32 (-1.78%)
SOL $79.74 (-3.11%)
TRX $0.32 (-0.63%)
DOGE $0.09 (-2.55%)
LEO $10.12 (+0.22%)
ADA $0.25 (-4.76%)
HYPE $36.39 (-1.47%)
BCH $433.20 (-0.12%)
LINK $8.78 (-2.13%)
XMR $326.21 (-0.74%)
CC $0.15 (+5.75%)
XLM $0.16 (-4.22%)
M $2.73 (-0.78%)
ZEC $253.76 (-1.48%)
LTC $53.58 (-1.41%)
HBAR $0.09 (-2.36%)
AVAX $8.66 (-9.74%)

Botswana vs Timor-Leste

Crypto regulation comparison

← Back to map | Botswana | Timor-Leste
Botswana

Botswana

Timor-Leste

Timor-Leste

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.

Timor-Leste has no specific cryptocurrency regulation. Uses the US dollar as its official currency.

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 Banco Central de Timor-Leste
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
  • Uses the US dollar as official currency
  • Central bank has not addressed crypto regulation
  • Very limited financial infrastructure
  • Minimal crypto adoption
Sources
Sources
OKX Banner