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Namibia vs Vatican City

Crypto regulation comparison

← Back to map | Namibia | Vatican City
Namibia

Namibia

Vatican City

Vatican City

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.

Vatican City has no cryptocurrency regulation. The micro-state's financial system is focused on the Holy See's financial activities. ASIF provides financial oversight.

Tax Type No framework
Tax Type None
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 ASIF (Supervisory and Financial Information Authority)
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
  • ASIF provides financial oversight for the Holy See
  • Micro-state with very limited financial market
  • No crypto exchanges or services
  • AML/CFT framework aligned with international standards
Sources
Sources