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Namibia vs Chad

Crypto regulation comparison

← Back to map | Namibia | Chad
Namibia

Namibia

Chad

Chad

Legal
No Regulation

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.

Chad has no specific cryptocurrency regulation. As a CEMAC member, it falls under BEAC oversight.

Tax Type No framework
Tax Type None
Tax Rate N/A
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Bank of Namibia
Regulator BEAC (Bank of Central African States)
Stablecoin Rules Regulated under Virtual Assets Act
Stablecoin Rules No stablecoin regulation
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
  • No specific national cryptocurrency legislation
  • BEAC provides regional monetary oversight
  • Part of the CEMAC monetary zone with the CFA franc
  • Very limited crypto adoption and infrastructure
  • No licensing framework for crypto businesses
Sources
Sources