The Gambia has a restricted regulatory environment for cryptocurrencies with no explicit legal framework or licensing regime detailed by the Central Bank. The Central Bank focuses on traditional banking and mobile money regulation, with no clear crypto-specific regulations published.
| Status | Restricted |
| Risk Score | 55/100 (High Risk) |
| Region | africa west |
| Currency | GMD |
| VAT on Crypto | No |
| Required | No |
| Regulator | CBG |
No specific licensing framework for crypto service providers is mentioned by the Central Bank of The Gambia.
No known enforcement actions.
| KYC Required | Yes |
| Travel Rule | No |
| FATF Member | Yes |
| FATF Status | partially_compliant |
| FATF Body | APG |
| Suspicious-Activity Reporting | Yes |
Status: unknown
No explicit regulatory stance on DeFi is available from the Central Bank or financial authorities.
Status: unknown
No information on stablecoin regulation or recognition is available.
Status: no_rules
No regulation.
| Legal | Yes |
| Electricity Cost | $0.18/kWh |
| Renewable Energy | 15% |
| Infrastructure | fair |
Mining is not explicitly banned but limited by high electricity costs and modest infrastructure quality. Cooling costs are elevated due to tropical climate.
| Stability | moderate |
| Sanctions | No |
| Corruption Index | 31/100 |
| Banking Access | restricted |
| Sanctions Program Active | No |
Risk Factors
The Gambia has moderate political stability but faces challenges including corruption and limited ease of doing business. It is not under international sanctions but banking access for crypto firms is restricted.
The Gambia has a restricted regulatory environment for cryptocurrencies with no explicit legal framework or licensing regime detailed by the Central Bank. The Central Bank focuses on traditional banking and mobile money regulation, with no clear crypto-specific regulations published.
Gambia is classified by FATF as: partially_compliant.
KYC is mandatory for crypto businesses.
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Explore IT Services →Last reviewed: 2026-09-14 · Data source: Soken Crypto Legal Map
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