Updated: December 06, 2024
We are a staunch proponent of legislation for stablecoins and other digital assets across Africa, as we believe the adoption of relevant laws and regulations, along with related licensing frameworks, promotes financial inclusion and technological innovation, while protecting consumers and mitigating against the risks of money laundering, terrorism financing, and other financial crimes. In every country where we operate, we employ a strategy of proactive engagement with central banks, financial markets, and financial intelligence authorities.
Information regarding our current licenses and registrations is set out below:
Yellow Card Financial Inc.
Yellow Card Financial Inc., a Delaware corporation with registration number 5982507, is the parent holding company for all our subsidiaries. The company does not conduct business in the United States nor with U.S. customers, nor does it issue coins or tokens; as such, it is not required to register with the United States Securities and Exchange Commission or any state regulatory authority. The company is, however, registered as a “money services business” (MSB) with the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), and files reports as and when required with FinCEN and the U.S. Department of State’s Office of Foreign Assets Control (OFAC).
Poland
Yellow Card Sp. z. o.o., a limited liability company incorporated in the Republic of Poland with KRS No. 0001072280, holds a Certificate of the entry into the Register of Business within Virtual Currencies (No. RDWW-1069) issued on December 18, 2023, approved by the Polish Financial Supervision Authority (KNF). The company is also registered for financial crime reporting purposes with the General Inspector of Financial Information (GIFI).
Botswana
Yellow Card Botswana Proprietary Limited, a company incorporated in the Republic of Botswana with UIN BW00001143018, holds a virtual asset service provider license (Certificate No. 11/1/5 (1)) issued on September 29, 2022 by the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) and is registered for financial crime reporting purposes with the Financial Intelligence Agency (FIA).
South Africa
Yellow Card Financial South Africa (Pty) Limited, a company incorporated in the Republic of South Africa with registration number 2019/552472/07 , is a Category I financial services provider with authorisation in respect of crypto assets and is regulated by the Financial Sector Conduct Authority (FSCA) (FSP number 53790). The company is also registered for financial crime reporting purposes with the Financial Intelligence Centre of South Africa (FIC).
Zambia
Yellow Card Services Zambia Limited, a company incorporated in the Republic of Zambia with registration number 120190009741, has been a participant in the Bank of Zambia’s regulatory sandbox since December 2022 and is registered for financial crime reporting purposes with the Financial Intelligence Centre (FIC).
Nigeria
Yellow Card Financial Nigeria Limited, a company incorporated in the Federal Republic of Nigeria with registration number RC 1502209, has a pending application for admission to the regulatory incubation scheme administered by the Securities and Exchange Commission, Nigeria, and is registered for financial crime reporting purposes with the Nigerian Financial Intelligence Unit (NFIU).
Uganda
Yellow Card Financial Uganda Limited, a company incorporated in the Republic of Uganda with registration number 80020002060059, has a pending application for admission to the Bank of Uganda’s regulatory sandbox and is registered for financial crime reporting purposes with the Financial Intelligence Authority (FIA).
Ghana
Yellow Card Ghana Limited Company, a company incorporated in the Republic of Ghana with registration number CS056612020, is registered for financial crime reporting purposes with the Financial Intelligence Center (FIC).
We do not require any further licenses or registrations to conduct business in the jurisdictions where we operate. At present, only five countries in Africa have adopted legislation governing digital assets (Botswana, Mauritius, Namibia, South Africa, and the Seychelles), while digital assets are only expressly banned in Algeria, Egypt, Morocco, and Tunisia. In all the other countries across the continent, there is no legislation governing digital assets nor is there any legislation prohibiting them.