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TRX $0.28 (-2.05%)
DOGE $0.09 (-1.24%)
BCH $534.20 (-6.63%)
ADA $0.27 (-1.68%)
LEO $8.10 (-0.79%)
HYPE $26.44 (-9.22%)
CC $0.16 (+0.25%)
LINK $8.39 (-3.54%)
XMR $314.13 (-2.34%)
XLM $0.15 (-1.15%)
RAIN $0.01 (-2.37%)
HBAR $0.10 (-2.47%)
ZEC $242.74 (-1.67%)
LTC $51.99 (-2.54%)
AVAX $8.55 (-3.66%)

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