---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "africa_south", "esaamlg", "legal"]
aliases: ["NA", "NAM"]
created: 2026-06-01
updated: 2025-06-01
compile_into: ["[[country--namibia]]"]
sources:
  - name: "Bank of Namibia"
    url: "https://www.bon.com.na"
    type: "official"
---

# 🇳🇦 [[country--namibia|Namibia]] (NA) — Crypto Regulation

> Namibia regulates virtual assets under the Virtual Assets Act 10 of 2023 (effective 25 July 2023), with the Bank of Namibia designated as the Regulatory Authority. VASPs must obtain a licence from the Bank of Namibia. Cryptocurrency is not legal tender but is legal to trade via licensed providers. Banking sector still applies restrictions on crypto transactions in practice. First provisional licences were issued in January 2025.

## Overview

| Field | Value |
|-------|-------|
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Enforcement Level | Low |
| Region | [[domain--africa|africa south]] |
| Currency | [[entity--nad|NAD]] |

## Tax

| Type | Rate |
|------|------|
| VAT on Crypto | No |

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [[entity--bon|BON]] |
| Framework | Virtual Assets Act 2023 |
| Ease | medium |
| Cost | N/A |
| Timeline | N/A months |

Licensing is required under the Virtual Assets Act 2023, with a moderate process to obtain authorization for crypto service providers.

## AML / KYC

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

## DeFi

**Status:** Restricted

DeFi activities are restricted under current regulations, with oversight to prevent unregulated financial risks.

## Stablecoins

**Status:** regulated

Stablecoins are regulated under the Virtual Assets Act 2023, requiring compliance with financial regulations.

## NFTs

**Status:** no_rules

No regulation.

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.08/kWh |
| Renewable Energy | 15% |
| Climate | arid |
| Infrastructure | fair |

Mining is allowed but under restrictions; infrastructure is fair with moderate renewable energy usage.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | stable |
| Sanctions | No |
| Corruption Index | 52/100 |
| Ease of Business | moderate |
| Internet Freedom | free |
| Banking Access | moderate |

## Enforcement

BON warnings issued.

## CBDC Status: research

## FAQ

### Is cryptocurrency legal in Namibia?

Namibia regulates virtual assets under the Virtual Assets Act 10 of 2023 (effective 25 July 2023), with the Bank of Namibia designated as the Regulatory Authority. VASPs must obtain a licence from the Bank of Namibia. Cryptocurrency is not legal tender but is legal to trade via licensed providers. Banking sector still applies restrictions on crypto transactions in practice. First provisional licences were issued in January 2025.

### What is the FATF status of Namibia?

Namibia is classified by FATF as: grey_list.

### Are VASPs licensed in Namibia?

Yes, licensing is required for VASPs.

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

KYC is mandatory for crypto businesses.

---

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

**Sources:**
- [Bank of Namibia](https://www.bon.com.na)