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Legislation to reduce the risks associated with investing in virtual assets enacted
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August 8, 2023August 8, 2023Uncategorized

Legislation to reduce the risks associated with investing in virtual assets enacted

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Namibia has enacted the country’s first legislation to license and regulate Virtual Asset Service Providers (VASPs) and Initial Token-Offering Service Providers (ITOSPs), the central bank announced this week. Namibia became the 3rd Sub- Saharan African country to take bold legislative steps to regulate this sector and fully protect the public against potential risks the Bank...