Botswana Explores Potential Launch of Central Bank Digital Currency
The Bank of Botswana has initiated a feasibility study to evaluate the introduction of a central bank digital currency (CBDC). Ruth Baitshepi, head of the digitalization and innovation hub, emphasized the study's dual focus: assessing the necessity of a CBDC and identifying potential risks posed by digital assets to the financial system.
This move aligns with global trends as central banks increasingly explore digital currencies to modernize financial infrastructure. Botswana's cautious approach reflects a broader institutional balancing act between innovation and stability in the cryptocurrency era.