News with the tag "Namibia"

The International Monetary Fund recently concluded that Namibia should not issue a retail central bank digital currency at this time. Namibia Lacks Resources to Pursue CBDC The International Monetary Fund (IMF) mission to Namibia recently concluded that there are no compelling reasons for the Southe...

Police in Namibia recently arrested 20 individuals who are accused of running a so called “pig butchering” cryptocurrency scheme which targeted U.S. citizens. According to the police, the more than 80 young Namibians who worked for the scammers were promised a monthly salary of $160. Young Namibians...

The Virtual Assets Act is just a “skeleton” of what a crypto regime could look like, but it sets the foundation for more laws and regulations, lawyers say.

The Namibia Virtual Assets Act 2023, was approved by President Hage Geingob and added into the Republic of Namibia's Gazette on July 21. The post Namibia Officially Signs Crypto Bill into Law: Details appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing .

Namibia has embraced the world of cryptocurrencies by signing the groundbreaking Virtual Assets Act 2023 into law. The legislation marks a pivotal moment for the nation, laying down clear guidelines for regulating crypto exchanges within its borders. This move comes after the government initially ba...

Namibia has legislated a crypto regulation bill into its law, reversing its decision to ban crypto in 2017.

The law will officially enter into force at a date determined by Namibia’s Ministry of Finance.

After passing a virtual assets bill into law on Friday, the Namibian government plans to create a regulatory body to monitor the sector. To better regulate and oversee virtual asset service providers and associated activities, the government of Namibia has enacted the Namibia Virtual Assets Act 2023...

Namibia's virtual assets bill was put into law on Friday, according to the Gazette of the Republic of Namibia.

The National Assembly of Namibia has passed a law offering regulation of cryptocurrencies and digital assets. Thus, becoming the latest