BTC $66,855.00 (-1.12%)
ETH $1,973.29 (-1.27%)
XRP $1.42 (-3.72%)
BNB $608.33 (-1.56%)
SOL $81.78 (-4.07%)
TRX $0.28 (-0.63%)
DOGE $0.10 (-2.03%)
BCH $556.79 (-1.74%)
ADA $0.27 (-2.79%)
LEO $8.64 (-0.51%)
HYPE $28.79 (-1.90%)
CC $0.16 (-2.21%)
LINK $8.68 (-2.07%)
XMR $326.48 (-2.01%)
XLM $0.16 (-3.04%)
RAIN $0.01 (-1.25%)
ZEC $262.29 (-11.04%)
HBAR $0.10 (-2.26%)
LTC $53.58 (-1.06%)
AVAX $8.91 (-2.01%)

United Kingdom vs Namibia

Crypto regulation comparison

← Back to map | United Kingdom | Namibia
United Kingdom

United Kingdom

Namibia

Namibia

Legal
Legal

The UK has an evolving and increasingly comprehensive crypto regulatory framework. The FCA registers crypto firms for AML/CFT compliance and has imposed strict financial promotion rules requiring risk warnings and banning incentives. HMRC treats crypto as property subject to Capital Gains Tax (10% basic rate, 20% higher rate, with £3,000 annual exemption from 2024/25). The Financial Services and Markets Act 2023 brought crypto assets into the UK regulatory perimeter, and HM Treasury is developing rules for a full crypto regime including exchange licensing, stablecoin regulation, and a potential UK CBDC ('Britcoin').

Namibia enacted the Virtual Assets Act (Act 10 of 2023) establishing a comprehensive licensing framework for VASPs. The Bank of Namibia is designated as regulator. Crypto is legal but not legal tender. No specific crypto tax framework yet.

Tax Type Capital gains
Tax Type No framework
Tax Rate 18-24%
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator FCA (Financial Conduct Authority), HMRC, Bank of England
Regulator Bank of Namibia
Stablecoin Rules Stablecoin regulation under Financial Services and Markets Act 2023; fiat-backed stablecoins to be regulated by FCA
Stablecoin Rules Regulated under Virtual Assets Act
Key Points
  • FCA AML registration required for all crypto firms operating in the UK
  • Capital Gains Tax: 10% (basic rate) or 20% (higher rate); £3,000 annual exempt amount (2024/25)
  • Financial promotions regime (2023): strict rules on crypto advertising, risk warnings mandatory
  • Financial Services and Markets Act 2023 brings crypto into regulatory perimeter
  • HM Treasury developing comprehensive crypto regulatory regime (exchange licensing, conduct rules)
Key Points
  • Virtual Assets Act (Act 10 of 2023) signed into law July 2023
  • VASPs must obtain licenses from Bank of Namibia to operate
  • Provisional licenses granted to first two exchanges in 2025
  • Non-compliance penalties up to NAD 10 million and 10 years imprisonment
  • Crypto is not legal tender but merchants may accept at their discretion
Sources
Sources