Cryptocurrency is legal in Gambia following the introduction of a regulatory framework in 2024 that embraces digital currencies. Historically operating under a "watchful waiting" approach that left crypto transactions in a legal gray area, Gambia has transitioned from cautious tolerance to active regulation recognizing the financial and economic opportunities presented by digital assets (1). The government has not enacted laws prohibiting cryptocurrency mining or trading, allowing citizens to engage with digital assets within an evolving regulatory structure that emphasizes consumer protection and anti-money laundering compliance (1).
Gambia introduced a regulatory sandbox to encourage innovation in fintech, allowing startups and established businesses to experiment with crypto products and services in a confined and supervised environment. The Central Bank of Gambia's sandbox framework enables controlled innovation while mitigating risks to consumers and the financial system (1). Crypto service providers must comply with strict anti-money laundering and counter-terrorism financing standards including know-your-customer procedures and reporting suspicious transactions, aligning with international best practices to protect financial system integrity (1).
"From being cautious, Gambia is now following the step of other burgeoning digital finance landscapes of West African countries by introducing a regulatory framework that embraces cryptocurrencies and the full benefit accrued to digital currencies."
In January 2025, Gambia's Ministry of Communications and Digital Economy partnered with the India-based Kalp Foundation to develop Gambia One, a blockchain-powered digital public infrastructure platform. The initiative aims to bridge the digital divide, modernize government operations, digitize critical services, and skill Gambian youth in blockchain technologies (2). The Income and Value Added Tax Act of 2012 does not address cryptocurrency taxation, meaning crypto-related income and gains remain unclassified under existing tax law, though authorities suggest consultation with tax professionals for compliance with general income and business tax regulations (1).
Source:
https://blog.upay.best/crypto-adoption/gambia/
https://dig.watch/updates/gambia-to-launch-blockchain-initiative-to-drive-digital-transformation
Last updated: 18-10-2025 Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly.
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