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Botswana Joins the CBDC Race: Central Bank Digital Currency Plans Heat Up
Botswana Joins the CBDC Race: Central Bank Digital Currency Plans Heat Up
Move over, physical pula—Botswana's central bank is flirting with a digital future.
The Bank of Botswana confirmed exploratory talks around launching a sovereign digital currency, joining a global scramble to modernize money. No timeline yet, but whispers suggest sandbox testing could begin by 2026.
Why now? Three drivers:
- Financial inclusion: 45% of adults remain unbanked despite mobile penetration
- Cross-border efficiency: Faster remittances for the 12% of GDP tied to migrant wages
- Monetary control: Because tracking every satoshi beats guessing where cash disappears
Critics warn CBDCs risk becoming surveillance tools—but hey, at least they'll make money laundering audits more entertaining for bureaucrats.
By:
https://cryptoadventure.com/botswana-explores-potential-launch-of-central-bank-digital-currency/
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