---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "africa_west", "giaba", "restricted"]
aliases: ["GM", "GMB"]
created: 2026-06-01
updated: 2025-01-01
compile_into: ["[[country--gambia]]"]
sources:
  - name: "Central Bank of The Gambia"
    url: "https://www.cbg.gm"
    type: "official"
---

# 🇬🇲 [[country--gambia|Gambia]] (GM) — Crypto Regulation

> The Gambia has no specific cryptocurrency legislation or virtual asset regulatory framework as of June 2026. The Central Bank of The Gambia (CBG) does not mention crypto or digital assets on its website. Crypto is neither explicitly banned nor formally permitted. General AML/fraud laws apply. The CBG has issued cautionary warnings about crypto risks but has not issued binding regulation.

## Overview

| Field | Value |
|-------|-------|
| Status | Restricted |
| Risk Score | 55/100 (High Risk) |
| Enforcement Level | None |
| Region | [[domain--africa|africa west]] |
| Currency | [[entity--gmd|GMD]] |

## Tax

| Type | Rate |
|------|------|
| Capital Gains (Personal) | 15% of gains or 5% of consideration (whichever is higher); crypto not specifically addressed |
| Capital Gains (Corporate) | 27% of net profit (or 1% of turnover on audited accounts, 2% on unaudited — whichever is higher); CGT for companies is 25% of gains or 10% of consideration (whichever is higher) |
| VAT on Crypto | No |
| Mining Tax | No specific guidance |
| Staking Tax | No specific guidance |
| Airdrop Tax | No specific guidance |

No crypto-specific tax guidance.

## Licensing

| Field | Value |
|-------|-------|
| Required | No |
| Regulator | [[entity--cbg|CBG]] |
| Ease | N/A |
| Cost | N/A |
| Timeline | N/A months |

No specific licensing framework for crypto or virtual assets mentioned.

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | No |
| Travel Rule | No |
| FATF Member | No |
| FATF Status | partially_compliant |

## DeFi

**Status:** Unclear

No regulation.

## Stablecoins

**Status:** no_rules

No framework.

## NFTs

**Status:** no_rules

No regulation.

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.18/kWh |
| Renewable Energy | 15% |
| Climate | tropical |
| Infrastructure | poor |

Electricity costs are relatively high and renewable energy share is low. Infrastructure for mining is underdeveloped.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | moderate |
| Sanctions | No |
| Corruption Index | 38/100 |
| Ease of Business | difficult |
| Internet Freedom | partly_free |
| Banking Access | restricted |

## Enforcement

No known enforcement actions.

## CBDC Status: none

## FAQ

### Is cryptocurrency legal in Gambia?

The Gambia has no specific cryptocurrency legislation or virtual asset regulatory framework as of June 2026. The Central Bank of The Gambia (CBG) does not mention crypto or digital assets on its website. Crypto is neither explicitly banned nor formally permitted. General AML/fraud laws apply. The CBG has issued cautionary warnings about crypto risks but has not issued binding regulation.

### What is the FATF status of Gambia?

Gambia is classified by FATF as: partially_compliant.

### What is the AML/KYC regime in Gambia?

KYC is not universally mandated.

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-06-01.*

**Sources:**
- [Central Bank of The Gambia](https://www.cbg.gm)