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TRX $0.28 (-1.98%)
DOGE $0.09 (-1.92%)
BCH $487.09 (-9.95%)
ADA $0.26 (-2.04%)
LEO $7.73 (-3.35%)
HYPE $26.26 (-4.46%)
CC $0.16 (-1.08%)
LINK $8.15 (-1.22%)
XMR $309.91 (-0.69%)
XLM $0.15 (-1.45%)
RAIN $0.01 (-2.14%)
HBAR $0.09 (-1.65%)
LTC $50.42 (-2.02%)
ZEC $230.97 (-3.36%)
AVAX $8.23 (-2.33%)

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