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Crypto Regulation in Namibia

Restricted

The Bank of Namibia has stated that virtual currencies are not legal tender and warned financial institutions against facilitating crypto transactions. However, there is no outright ban on individuals holding or trading crypto.

Region: Africa SouthCurrency: NADRisk Score: 55/100

Tax Information

Capital Gains (Personal)
No specific crypto guidance
Capital Gains (Corporate)
32% 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
BON (Bank of Namibia)
Framework
BON position paper on virtual currencies
License Types
--
Estimated Cost (USD)
N/A
Timeline
N/A months
Ease of Licensing
N/A
Notes
BON has issued position papers discouraging crypto. No licensing framework.

AML / KYC

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

Mining

Mining Legal
Yes
Status
Restricted
Electricity Cost ($/kWh)
$0.08
Renewable Energy
15%
Climate
Hot
Infrastructure
Moderate
Tax on Mining Income
32% corporate tax
Notes
Hot climate increases cooling costs for mining operations.

DeFi, Stablecoins & NFTs

DeFi: unclearStablecoins: no rulesNFTs: no_rulesCBDC: exploring

Soken Services

Legal Opinion
Available | $5,000 - $20,000 | 14 days
Banking
Difficulty: Very Hard | Crypto-friendly banks: none listed
Min. Deposit
$10,000
Fiat Rails
SWIFT, Local ACH
Card Payments
Visa, Mastercard

Sources

Bank of Namibia
Reviewed: 2026-02-15likely

Frequently Asked Questions

Is crypto legal in Namibia?
Cryptocurrency is currently classified as "Restricted" in Namibia. The Bank of Namibia has stated that virtual currencies are not legal tender and warned financial institutions against facilitating crypto transactions. However, there is no outright ban on individuals holding or trading crypto.
What is the crypto tax rate in Namibia?
In Namibia, the personal capital gains tax on crypto is No specific crypto guidance, and the corporate tax rate is 32% corporate tax. No crypto-specific tax guidance.
Do I need a crypto license in Namibia?
No, Namibia does not currently require a specific crypto license, though other financial regulations may apply.
Is crypto mining legal in Namibia?
Yes, crypto mining is legal in Namibia. Electricity costs approximately $0.08/kWh. Mining income is taxed at: 32% corporate tax. Hot climate increases cooling costs for mining operations.
What are the AML/KYC requirements for crypto in Namibia?
Yes, crypto businesses in Namibia must comply with KYC (Know Your Customer) requirements. FATF compliance status: partially_compliant.