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Is crypto legal in Zambia?

Cryptocurrency is legal in Zambia, but subject to regulatory restrictions.

Eastern Africa · ZM · 2 of 9 dimensions sourced

Every value below cites the primary government, central bank, financial regulator, or tax authority. How this is sourced →

Zambia crypto policy at a glance

CBDC status
Research

Stage of the central bank digital currency programme — research, pilot, or launched.

cbdctracker.org ↗ · as of 2022 · confidence: high
Legal status
Legal, with restrictions

Whether crypto is legal, restricted, or banned for individuals and businesses.

“The Bank of Zambia wishes to advise members of the public that while cryptocurrencies are not legal tender in Zambia, the Bank, working with various stakeholders, is currently undertaking preliminary research on cryptocurrencies to inform appropriate policy response. Persons who deal in cryptocurrencies do so at their own risk.”
Bank of Zambia ↗ · as of 2022-12-22 · confidence: medium
VASP licensing
Not yet recorded

Whether the jurisdiction licenses crypto/VASP service providers.

Stablecoin rules
Not yet recorded

Rules governing stablecoin and e-money-token issuance.

Tax treatment
Not yet recorded

How crypto gains are taxed and reported, including OECD CARF participation.

DeFi treatment
Not yet recorded

How decentralized finance (DeFi) is treated by regulators.

NFT classification
Not yet recorded

Whether NFTs are addressed in regulation.

Mining policy
Not yet recorded

Policy toward crypto mining — permitted, restricted, or banned.

Enforcement intensity
Not yet recorded

Intensity of regulatory enforcement actions against crypto firms.

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