Kiribati vs Namibia
Crypto regulation comparison
Kiribati
Namibia
No Regulation
Legal
Kiribati has no specific cryptocurrency regulation. Uses the Australian dollar.
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
None
Tax Type
No framework
Tax Rate
N/A
Tax Rate
N/A
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
Ministry of Finance, Kiribati
Regulator
Bank of Namibia
Stablecoin Rules
No stablecoin regulation
Stablecoin Rules
Regulated under Virtual Assets Act
Key Points
- No specific cryptocurrency legislation
- Uses the Australian dollar
- Very limited financial infrastructure
- Minimal crypto adoption
- No licensing framework for crypto services
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