Namibia has a clear regulatory framework for cryptocurrencies under the Virtual Assets Act 2023, indicating a legal and structured approach to crypto activities.
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Region | africa south |
| Currency | NAD |
| VAT on Crypto | No |
| Required | Yes |
| Regulator | BON |
| Framework | Virtual Assets Act 2023 |
| Ease | medium |
Licensing is mandated under the Virtual Assets Act 2023, requiring VASPs to register and comply with regulatory standards.
BON warnings issued.
| Status | Research |
| Name | Namibia CBDC |
| Issuing Authority | Bank of Namibia |
| Model | retail |
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | Yes |
| FATF Status | compliant |
| FATF Body | FATF |
| Suspicious-Activity Reporting | Yes |
Status: Legal
DeFi activities are permitted under the existing crypto regulatory framework without explicit restrictions.
Status: regulated
Stablecoins are regulated under the Virtual Assets Act 2023, requiring compliance with licensing and AML rules.
Status: no_rules
No regulation.
| Legal | Yes |
| Electricity Cost | $0.08/kWh |
| Renewable Energy | 15% |
| Infrastructure | fair |
Mining is legal but restricted due to limited renewable energy and infrastructure constraints.
| Stability | stable |
| Sanctions | No |
| Corruption Index | 53/100 |
| Banking Access | moderate |
| Sanctions Program Active | No |
Risk Factors
Namibia is politically stable with moderate corruption and reasonable ease of doing business. Banking access for crypto firms is moderate, with some capital controls and regional economic risks.
Namibia has a clear regulatory framework for cryptocurrencies under the Virtual Assets Act 2023, indicating a legal and structured approach to crypto activities.
Namibia is classified by FATF as: compliant.
Yes, licensing is required for VASPs.
KYC is mandatory for crypto businesses.
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Explore IT Services →Last reviewed: 2026-09-19 · Data source: Soken Crypto Legal Map
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