The Non-Bank Financial Institution Regulatory Authority (NBFIRA) of Botswana, has reportedly granted a virtual asset service provider (VASP) license to the African crypto exchange Yellow Card on 29 September, making it the first crypto exchange to obtain a VASP license in Africa. The exchange is authorized to enable its customer to buy and sell cryptocurrencies such as Bitcoin, Ether and the Tether with the country’s fiat currency. Chris Maurice, the CEO and co-founder of Yellow Card, believes that the license could provide a greater opportunity for the company to expand its client base across Africa.

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