Jurisdiction reference
Namibia
Regulator: NAMFISA / BoN. License/registration context: Unclear. 1 VASP/entity record are tracked by Plexo Institute in Namibia. Official registry source: NAMFISA / BoN — official regulator. Data last updated: 2026-09-24.
Namibia banned crypto in 2017 but reversed course with the Virtual Assets Act (2023), which legalizes and regulates VASPs, exchanges, and custodians under licensing rules. Stablecoins are indirectly covered as "virtual assets" under the Act but are not given a separate legal category. The law emphasizes AML/CFT compliance and consumer protection, but stablecoins are not legal tender.
Regulatory Status
- Jurisdiction code
- NA
- Regulator
- NAMFISA / BoN
- Travel Rule
- Not Implemented
- Tracked entities
- 1
- Recognized stablecoin backing
- fiat-backed, crypto-backed, commodity-backed, algorithmic
- Yield-bearing stablecoins
- Restricted
- Currency
- NAD
Regulatory approach
BON oversees monetary policy, financial stability, and VASP licensing under the new Act.
Licensed entities in Namibia
1 regulated-entity record tracked in Namibia by Plexo Institute.
| Entity | Status | License type |
|---|---|---|
| Yellow Card Namibia | Registered | VASP (Virtual Assets Act 2023) |
Stablecoin laws in Namibia
Primary legal texts Plexo Institute tracks for Namibia.
- Virtual Assets Act (enacted 2023-07-14)
Establishes licensing, supervision, and AML/CFT rules for VASPs and virtual assets, including stablecoins indirectly.
Relationship Graph
Jurisdiction FAQ
Who regulates Namibia?
The current Plexo Institute record lists NAMFISA / BoN as the regulator for Namibia.
How many VASPs are tracked in Namibia?
1 VASP/entity record are tracked by Plexo Institute in Namibia.
What is the Travel Rule status in Namibia?
The current Plexo Institute record lists the Travel Rule status for Namibia as Not Implemented.
Source Evidence
This profile is compiled from official legislation and regulator records. Source confidence: official source evidence.