The Bank of Namibia has granted provisional authorization to two entities, Mindex Virtual Asset Exchange and Landifa Bitcoin Trade, to operate as virtual asset service providers (VASPs). This move is part of Namibia's efforts to recognize and regulate cryptocurrencies, following the passage of a bill legalizing their use in July 2023. The provisional authorization is the first step in a two-step regulatory process, with certain conditions that must be met before full authorization is granted. The Bank of Namibia remains committed to creating a secure and regulated financial environment and will provide updates on the progress of these entities.



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