10
Jul
Namibia has embraced cryptocurrencies and digital assets by approving the relevant bill in the National Assembly and by doing so, joined several other African nations. The bill, which passed Namibia’s lower house of parliament aims to regulate digital assets, cryptocurrencies and virtual asset service providers (VASPs). The legislation aims to establish a framework for licensing and regulating VASPs. It also seeks to appoint a regulatory authority responsible for supervising these providers and their activities. The main objectives of the bill are to ensure consumer protection, prevent market abuse, and mitigate the risks of money laundering, the financing of terrorism and…