---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "africa_south", "esaamlg", "restricted"]
aliases: ["NA", "NAM"]
created: 2026-04-13
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 cryptocurrency under the Virtual Assets Act 2023, indicating a controlled environment with restrictions on crypto activities. The Bank of Namibia monitors financial stability and warns against illegal financial schemes involving crypto.

## Overview

| Field | Value |
|-------|-------|
| Status | Restricted |
| Risk Score | 55/100 (High 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 | fsrb_only |

## 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: exploring

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-04-13.*

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