Yellow Card has received a Virtual Asset Service Provider (VASP) license from Non-Bank Financial Institutions Regulatory Authority NBFIRA. This was announced in a press release.

CEO and co-founder Chris Maurice said this opens up great opportunities for expansion. Among cryptocurrency platforms, he said, Yellow Card was the first in Africa to receive a VASP license.

According to the report, the exchange complies with global AML/KYC requirements, sanctions and the so-called Financial Action Task Force (FATF) rule.

In September 2021, Yellow Card closed a $15 million Series A round led by Valar Ventures, Third Prime and Castle Island Ventures, with participation from Jack Dorsey’s Square and Coinbase Ventures.

A year later, the exchange raised $40 million from Polychain Capital. Valar Ventures, Third Prime Ventures, Sozo Ventures, Castle Island Ventures and other investors also provided funds.

https://altcoin.ng/yellow-card-receives-license-to-operate-in-botswana/