BTC $67,419.00 (-1.24%)
ETH $1,941.29 (-1.79%)
XRP $1.39 (-3.54%)
BNB $611.52 (-2.22%)
SOL $83.15 (-2.81%)
TRX $0.29 (+0.43%)
DOGE $0.09 (-3.99%)
BCH $569.58 (+0.96%)
ADA $0.27 (-3.62%)
LEO $8.20 (-1.53%)
HYPE $28.90 (-2.60%)
LINK $8.63 (-2.85%)
CC $0.16 (+0.05%)
XMR $322.80 (-1.28%)
XLM $0.15 (-4.33%)
RAIN $0.01 (+1.43%)
HBAR $0.10 (-2.68%)
LTC $53.16 (-3.46%)
ZEC $243.66 (-5.96%)
AVAX $8.81 (-3.97%)

Liberia vs Namibia

Crypto regulation comparison

← Back to map | Liberia | Namibia
Liberia

Liberia

Namibia

Namibia

Restricted
Legal

The CBL has not issued crypto licenses and considers unauthorized crypto products illegal. No specific crypto legislation exists but the Financial Institutions Act requires licensing for all financial services.

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 Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Central Bank of Liberia
Regulator Bank of Namibia
Stablecoin Rules No stablecoin regulation
Stablecoin Rules Regulated under Virtual Assets Act
Key Points
  • CBL has not approved any crypto licensing
  • Unauthorized crypto products deemed illegal under Financial Institutions Act
  • CBL shut down local crypto startup TACC in 2021
  • No specific crypto tax framework
  • Very low crypto adoption due to limited internet access
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