Select a location

This selection will switch the site from presenting information primarily about Namibia to information primarily about . If you would like to switch back, you may use location selection options at the top of the page.


The Namibian Cryptocurrency Regime

By Diana Jesus Machado Vivo

Cryptocurrencies have gained significant global prominence, being utilised for various purposes worldwide. Its market has evolved into a multibillion-dollar industry, with a global estimate surpassing $1,164 billion and a daily trading volume exceeding $653 billion as of the 5th of August 2023.

Namibia has recently enacted legislation marking the commencement of the country’s cryptocurrency regime. The expansion of Namibia’s regulatory landscape in response to the worldwide growth of the cryptocurrency industry is remarkable, particularly as it stands as the third African country to enact legislation specifically addressing virtual assets.

The article below explores in broad strokes the effects of this new regime.