Crypto oversight gaps persist in BotswanaDigital future: Reviewers believe the country needs tighter oversight of the crypto sector PIC: WWW.LIVEMINT.COMThis is according to the latest follow-up assessment conducted by the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG). VASP are companies or individuals that help people buy, sell, exchange, store or manage virtual assets like cryptocurrencies. The risk rating is said to be based on an internal assessment rather than a formal, sector-wide risk assessment. Botswana has also made progress in addressing several deficiencies, including implementing measures to identify and address VASPs operating without registration and issuing guidelines to VASPs. In the absence of a comprehensive risk assessment, reviewers said Botswana remains unable to effectively apply a fully risk-based approach.
