BTC $67,428.00 (-1.44%)
ETH $1,943.13 (-2.28%)
XRP $1.39 (-3.71%)
BNB $612.02 (-2.41%)
SOL $83.14 (-3.56%)
TRX $0.29 (+1.10%)
DOGE $0.10 (-4.62%)
BCH $570.35 (+1.25%)
ADA $0.27 (-4.11%)
LEO $8.17 (-2.02%)
HYPE $28.96 (-3.20%)
LINK $8.64 (-3.56%)
CC $0.16 (-0.71%)
XMR $321.54 (-2.49%)
XLM $0.15 (-4.79%)
RAIN $0.01 (+1.23%)
HBAR $0.10 (-3.21%)
LTC $53.26 (-3.85%)
ZEC $243.28 (-6.46%)
AVAX $8.82 (-4.98%)

North Korea vs Namibia

Crypto regulation comparison

← Back to map | North Korea | Namibia
North Korea

North Korea

Namibia

Namibia

Banned
Legal

North Korea does not allow civilian cryptocurrency use. The regime has been accused by the UN and US of using state-sponsored hacking to steal cryptocurrency to fund weapons programs.

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 No No
Exchanges Yes Yes
Mining No No
Mining Yes Yes
Regulator Central Bank of North Korea
Regulator Bank of Namibia
Stablecoin Rules Not applicable — crypto banned
Stablecoin Rules Regulated under Virtual Assets Act
Key Points
  • No civilian cryptocurrency use permitted
  • State-sponsored crypto theft alleged by UN and US
  • Lazarus Group linked to major crypto exchange hacks
  • International sanctions restrict all financial activities
  • Cryptocurrency used by state actors, not civilians
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