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Namibia vs Puerto Rico

Crypto regulation comparison

← Back to map | Namibia | Puerto Rico
Namibia

Namibia

Puerto Rico

Puerto Rico

Legal
No Data

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.

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Tax Type No framework
Tax Type Unclear
Tax Rate N/A
Tax Rate N/A
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining No No
Regulator Bank of Namibia
Regulator -
Stablecoin Rules Regulated under Virtual Assets Act
Stablecoin 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
Key Points

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Sources
Sources

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