Central Bank of Botswana: Cryptocurrency risk is "minimal", but calls for strengthening supervision

BlockBeats news: On December 23, the Central Bank of Botswana said that the local cryptocurrency market in the country was not yet mature, so the risk to financial stability was "minimal". However, the central bank stated that relevant regulations should be formulated to prevent potential digital asset risks in the future. In its Financial Stability Report, the central bank pointed out that the increasingly close connection between the cryptocurrency market and other parts of the financial system may bring potential systemic risks. However, the central bank stated that the risks posed by cryptocurrencies to the domestic market are minimal. However, the central bank emphasizes that regulatory agencies should develop a regulatory framework for the industry to address potential risks in the future.