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Bank of Botswana urges oversight of virtual asset providers

Regulation

The Bank of Botswana said current cryptocurrency risks to financial stability are limited, citing the underdeveloped local market. Its Financial Stability Report warned that misconduct and links with traditional finance could create risks, and called for oversight of virtual asset providers, including AML and CFT compliance.

Virtual asset providers may face stronger compliance and surveillance expectations if regulators follow the bank’s recommendations.

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Japan’s National Police Agency proposes 30% pachinko machine fee cut

Japan’s National Police Agency has proposed reducing standard approval fees for pachinko and pachislot machines by about 30%, with revised rates due to take effect on 1 April 2027 if approved. The certification fee for an already type-tested model would fall from JPY4,340 to JPY3,030, while testing requirements would remain unchanged.

Japan’s National Police Agency has proposed reducing standard approval fees for pachinko and pachislot machines by around 30%.

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