Botswana Compliance Report

Regulatory Overview

Regulatory Status

Dedicated crypto/VA legislation, licensing regime, active enforcement

Key Regulator(s)

Financial Intelligence Agency, Implementation of United Nations Security Council, Non-Bank Financial Institutions Regulatory Authority, Al-Qaida Sanctions Committee, Botswana Communications Regulatory Authority, Ministry of Finance

Primary Legislation

Act No. 4 of 2025, Applicants must be a company incorporated in Botswana under the Companies Act., Section 14(1)(a) of Botswana's Financial Intelligence Act, 2022 requires every s, Section 38 of Botswana's Financial Intelligence Act, 2022 requires a specified p, Botswana's Companies (Amendment) Act, 2025 is cited as Act 3 of 2025 and its pri, Section 10(2)(c)(v) of Botswana's Virtual Assets Act, 2022 requires a licence ap, s Virtual Assets Act, 2022 allows NBFIRA to require an applicant to furnish additional information on 14 days, Licence holders under Botswana's Virtual Assets Act, 2025 carry express continui, Act No. 2 of 2022, Cooperate with law enforcement for criminal prosecution in cases of fraud., This is a newer act. You would similarly look for it on the Attorney General's C, The Botswana Virtual Assets Act, 2022 carries a date of assent and a date of com, s Financial Intelligence Act, 2022 (Act No. 2 of 2022), assented and commenced 25 February 2022, defines

Travel Rule

Adopted — Threshold: Implemented

Tax Reporting

Trading: If an individual regularly buys and sells cryptocurrencies with the intention of making a profit, these activities are likely to be considered a "trade" or "speculative venture." The profits realized would be subject to personal income tax.. Mining: Income derived from cryptocurrency mining (e.g., block rewards, transaction fees) would be considered ordinary income and taxable.. Staking/Lending: Rewards earned from staking or lending cryptocurrencies would also be treated as ordinary income.. Receiving Crypto as Payment: If an individual receives cryptocurrency as remuneration for services rendered or as a salary, the value of the cryptocurrency at the time of receipt would be taxable as employment income.. Companies dealing in cryptocurrencies as part of their business activities (e.g., crypto exchanges, trading firms, mining operations, businesses accepting crypto payments) would include profits from these activities in their taxable income.

Key Facts

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