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. Bankman-Fried misguides regulators by directing them away from centralized finance. Bank of Russia plans to take fees for CBDC transactions: Report. Bank of America offers bullish outlook for DeFi and NFTs. Bankruptcy law firm S&C absolved from misconduct, according to new FTX proposal. Bank of China: Platforms must provide digital yuan retail payment option. Bank For International Settlements Distances Itself From Centralized Digital Currencies. Banks are finally openly fighting bitcoin In Australia and USA. Bankrupt crypto hedge fund 3ACs NFT auction fetches $2.5M. Namibia's central bank, 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., 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, Namibia s central bank, Bank of Namibia, it claimed that the cryptocurrencies are not authorized in the country under the Exchange Control Act of 2025. Part of the position paper, has claimed that virtual currency exchanges have no place in the African country, the Bank of Namibia explained that Bitcoin and other digital currencies present only a minimal threat to its monetary policymaking role. However, 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 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, 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., under its decades-old law. The central bank also announced that, In its latest position paper as of mid-September 2025..