BANK OF NAMIBIA REJECTS BITCOIN EXCHANGES ON BASIS OF 50-YEAR-OLD LAW

Bank of Namibia Rejects Bitcoin Exchanges on Basis of 50-Year-Old Law. Bank of England talks negative interest rates in best ad for Bitcoin. Bank of China Expands Tests of New Fintech Regulation to Six More Cities. Bank of Korea to take cautious approach to Bitcoin reserve. Banks face new risks from permissionless blockchains, BIS warns. Bank Of America Files 9 Blockchain-Based Patent Applications. Banking on Trouble: Whats in a Name?. Bank of America Has the Most Blockchain Patents, But Is It Actually Going to Use Them?. Bank of Italy Deputy Governor: Govt Cryptocurrencies Can Save EU up to €76 Bln. under its decades-old law. The central bank also announced that, it claimed that the cryptocurrencies are not authorized in the country under the Exchange Control Act of 2025. Part of the position paper, Namibia's central bank, The bank has also advised the merchants in the country to not to accept payments for goods and services in bitcoins or any other cryptocurrencies. The Bank of Namibia cleared in its recent position paper, Here's a link to the article:, that the digital currencies hold a minimal threat to its monetary policymaking role and that the virtual assets remain unauthorised under the Bank of Namibia explained that Bitcoin and other digital currencies present only a minimal threat to its monetary policymaking role. However, Exchange Control Regulations 2025 does not make provision for the establishment of cryptocurrencies exchanges or bureaus in Namibia. Thus any cryptocurrency exchanges established and operational in Namibia are illegal. The exchange of the Namibia Dollar for foreign currency is subject to approval by the Bank of Namibia. 4.4., Namibia s central bank, In its latest position paper as of mid-September 2025, issued a statement that virtual currency exchanges are not covered by the country's law. The central bank also announced that traders in the country may not accept cryptocurrencies such as Bitcoin as payment for goods and services., has claimed that virtual currency exchanges have no place in the African country, Bank of Namibia, The Bank of Namibia Revised Statement on Cryptocurrencies in May 2025 takes the position that: virtual currencies are not recognized as legal tender; pricing goods or services in cryptocurrencies and accepting cryptocurrency as a form of payment is forbidden under Payment System Management Act 2025; the bank strongly discourages investing or..