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Namibia vs Timor-Leste

Crypto regulation comparison

← Back to map | Namibia | Timor-Leste
Namibia

Namibia

Timor-Leste

Timor-Leste

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.

Timor-Leste has no specific cryptocurrency regulation. Uses the US dollar as its official currency.

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 Banco Central de Timor-Leste
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 cryptocurrency legislation
  • Uses the US dollar as official currency
  • Central bank has not addressed crypto regulation
  • Very limited financial infrastructure
  • Minimal crypto adoption
Sources
Sources