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Crypto Regulation in Gambia

Unknown

The Gambia has no specific crypto regulation. The Central Bank of The Gambia has issued warnings but no formal ban or framework.

Region: Africa WestCurrency: GMDRisk Score: 65/100

Tax Information

Capital Gains (Personal)
No specific guidance
Capital Gains (Corporate)
31% corporate tax
VAT on Crypto
No
Staking Tax
No specific guidance
Airdrop Tax
No specific guidance
Mining Tax
No specific guidance
Summary
No crypto-specific tax guidance.

Licensing & Registration

License Required
No
Regulator
CBG (Central Bank of The Gambia)
Framework
No crypto framework
License Types
--
Estimated Cost (USD)
N/A
Timeline
N/A months
Ease of Licensing
N/A
Notes
No crypto licensing framework.

AML / KYC

KYC Required
No
Travel Rule
No
FATF Member
No
FATF Status
Partially Compliant
Suspicious Activity Reporting
No

Mining

Mining Legal
No
Status
Unknown
Electricity Cost ($/kWh)
$0.18
Renewable Energy
15%
Climate
Tropical
Infrastructure
Poor
Tax on Mining Income
31% corporate tax
Notes
Mining legal status is unclear. Proceed with caution and seek legal advice.

DeFi, Stablecoins & NFTs

DeFi: unclearStablecoins: no rulesNFTs: no_rulesCBDC: none

Soken Services

Banking
Difficulty: Very Hard | Crypto-friendly banks: none listed
Min. Deposit
$10,000
Fiat Rails
SWIFT
Card Payments
Visa, Mastercard

Sources

Central Bank of The Gambia
Reviewed: 2026-03-01ai_baseline

Frequently Asked Questions

Is crypto legal in Gambia?
Cryptocurrency is currently classified as "Unknown" in Gambia. The Gambia has no specific crypto regulation. The Central Bank of The Gambia has issued warnings but no formal ban or framework.
What is the crypto tax rate in Gambia?
In Gambia, the personal capital gains tax on crypto is No specific guidance, and the corporate tax rate is 31% corporate tax. No crypto-specific tax guidance.
Do I need a crypto license in Gambia?
No, Gambia does not currently require a specific crypto license, though other financial regulations may apply.
Is crypto mining legal in Gambia?
No, crypto mining is currently banned or illegal in Gambia. Mining legal status is unclear. Proceed with caution and seek legal advice.
What are the AML/KYC requirements for crypto in Gambia?
Gambia does not currently mandate KYC for crypto businesses, though this may change. FATF compliance status: partially_compliant.