What is Namibia's FATF status?

Namibia is classified by FATF as: fsrb_only.

Are VASPs licensed in Namibia?

Yes — licensing is required for VASPs.

What is the AML/KYC regime in Namibia?

KYC is mandatory for crypto businesses.

🇳🇦 Namibia

Namibia regulates cryptocurrency under the Virtual Assets Act 2023, indicating a controlled environment with restrictions on crypto activities. The Bank of Namibia monitors financial stability and warns against illegal financial schemes involving crypto.

Overview

Status	Restricted
Risk Score	55/100 (High Risk)
Region	africa south
Currency	NAD

Tax Information

VAT on Crypto

Licensing & Registration

Required	Yes
Regulator	BON
Framework	Virtual Assets Act 2023
Ease	medium

Licensing is required under the Virtual Assets Act 2023, with a moderate process to obtain authorization for crypto service providers.

Enforcement Activity

Level: Low

BON warnings issued.

AML / KYC

KYC Required	Yes
Travel Rule	Yes
FATF Member	No
FATF Status	fsrb_only
FATF Body	ESAAMLG
Suspicious-Activity Reporting	Yes

DeFi, Stablecoins & NFTs

Status: Restricted

DeFi activities are restricted under current regulations, with oversight to prevent unregulated financial risks.

Stablecoins

Status: regulated

Stablecoins are regulated under the Virtual Assets Act 2023, requiring compliance with financial regulations.

NFTs

Status: no_rules

No regulation.

Mining

Legal	Yes
Electricity Cost	$0.08/kWh
Renewable Energy	15%
Infrastructure	fair

Mining is allowed but under restrictions; infrastructure is fair with moderate renewable energy usage.

Geopolitical Risk

Stability	stable
Sanctions	No
Corruption Index	52/100
Banking Access	moderate

Risk Factors

capital controls
regulatory uncertainty

Namibia maintains political stability with moderate corruption and reasonable ease of doing business. Crypto companies face moderate banking access and regulatory uncertainty.