---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "africa_west", "apg", "restricted"]
aliases: ["GM", "GMB"]
created: 2026-09-14
updated: 2025-01-01
compile_into: ["[[country--gambia]]"]
sources:
  - name: "Central Bank of The Gambia"
    url: "https://www.cbg.gm"
    type: "official"
  - name: "Gambia Revenue Authority: Domestic taxes FAQs"
    url: "https://www.gra.gm/domestic-faqs"
    type: "official"
---

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

> 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.

## 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) | No crypto-specific rules; capital gains tax on disposal of capital assets is the higher of 15% of the gain or 5% of the consideration |
| Capital Gains (Corporate) | 27% corporation tax (or 1-2% of turnover if higher) |
| VAT on Crypto | No |

No crypto-specific tax guidance. Capital gains tax applies to disposals of capital assets (15% of the gain or 5% of the consideration for individuals, 25% or 10% for companies, whichever is higher); whether crypto counts as a capital asset has not been stated. Corporation tax is 27% of net profit or 1% to 2% of turnover if higher. Standard VAT is 15%.

## 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 service providers is mentioned by the Central Bank of The Gambia.

## AML / KYC

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

## DeFi

**Status:** unknown

No explicit regulatory stance on DeFi is available from the Central Bank or financial authorities.

## Stablecoins

**Status:** unknown

No information on stablecoin regulation or recognition is available.

## NFTs

**Status:** no_rules

No regulation.

## Mining

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

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | moderate |
| Sanctions | No |
| Corruption Index | 31/100 |
| Ease of Business | difficult |
| Internet Freedom | partly_free |
| Banking Access | restricted |
| Sanctions Programs Active | No |

## Enforcement

No known enforcement actions.

## CBDC Status: none

## FAQ

### Is cryptocurrency legal in Gambia?

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.

### 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 mandatory for crypto businesses.

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-09-14.*

**Sources:**
- [Central Bank of The Gambia](https://www.cbg.gm)
- [Gambia Revenue Authority: Domestic taxes FAQs](https://www.gra.gm/domestic-faqs)