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Namibia vs Yemen

Crypto regulation comparison

← Back to map | Namibia | Yemen
Namibia

Namibia

Yemen

Yemen

Legal
Restricted

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.

Yemen has a restrictive environment for cryptocurrency due to ongoing conflict and fragmented governance. The Central Bank has warned against crypto use. International sanctions further restrict access.

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 Central Bank of Yemen
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
  • Central Bank has warned against cryptocurrency use
  • Ongoing conflict limits regulatory development
  • International sanctions restrict access to crypto platforms
  • No specific cryptocurrency legislation
  • Very limited crypto infrastructure
Sources
Sources