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Bank of Namibia grants provisional licenses to two crypto exchanges

Namibia’s central bank has granted the first set of provisional licenses to two cryptocurrency exchanges.

According to local media, citing a recent media statement from the regulator, the Bank of Namibia has granted provisional authorization to Mindex Virtual Asset Exchange (Pty) Ltd. and Landifa Bitcoin Trade CC to operate as virtual asset service providers.

However, they won’t be able to offer services to the public until they receive final approval from the central bank. The provisional licenses, valid for six months, allow the companies to establish their operations, hire staff, and set up the required infrastructure.

Final approval will only be granted if the companies meet all requirements mandated by the central bank.

Bank of Namibia grants provisional licenses to two crypto exchanges

Namibia’s central bank has granted the first set of provisional licenses to two cryptocurrency exchanges.

According to local media, citing a recent media statement from the regulator, the Bank of Namibia has granted provisional authorization to Mindex Virtual Asset Exchange (Pty) Ltd. and Landifa Bitcoin Trade CC to operate as virtual asset service providers.

However, they won’t be able to offer services to the public until they receive final approval from the central bank. The provisional licenses, valid for six months, allow the companies to establish their operations, hire staff, and set up the required infrastructure.

Final approval will only be granted if the companies meet all requirements mandated by the central bank. 
https://crypto.news/bank-of-namibia-grants-provisional-licenses-to-two-crypto-exchanges/