Zambia: crypto & digital assets regulation — 2026-08

Regulated

Zambia mandates VASP registration with BoZ by March 2026; no specific capital set

Frozen snapshot — the guide as it stood at the end of 2026-08. See the live guide for the current state.

The Bank of Zambia (BoZ) has established a mandatory registration regime for all Virtual Asset Service Providers (VASPs) and stablecoin issuers operating in Zambia. The directive requires existing providers to register by March 27, 2026, and new entrants to register before commencing operations. The BoZ emphasizes due diligence requirements for traditional financial institutions interacting with these entities.

Which licence do you need?

Your activityRequirementCapitalTimelineAuthority
Exchange / trading platformRegistrationVASP Registration[1]

Mandatory registration for all exchange operators

——Bank of Zambia
Custody of client assetsRegistrationVASP Registration[1]

Included in broad VASP definition

——Bank of Zambia
Token issuance / public offeringUncertainverify with regulator

Not explicitly distinguished from VASP services

———
Broker-dealer / OTC deskUncertainverify with regulator

Likely falls under VASP registration

———
Stablecoin issuanceRegistrationStablecoin Provider Registration[1]

Explicitly named in the directive

——Bank of Zambia
Crypto payments acceptanceRegistrationVASP Registration[1]

Crypto payment services require registration

——Bank of Zambia
Mining / staking servicesUncertainverify with regulator

Not explicitly mentioned in directive

———
Advisory / portfolio managementUncertainverify with regulator

Not explicitly mentioned in directive

———

New — what changed recently

  • 2026-01-01Mandatory Registration of Virtual Assets and Stablecoin Service Providers — BoZ mandates registration for all VASPs and stablecoin providers by March 27, 2026.[1]

Market-entry checklist

  1. 1Register with Bank of ZambiaSubmit registration application for VASP or stablecoin provider status before commencing operations.
  2. 2Meet March 2026 DeadlineExisting providers must complete registration by March 27, 2026, to remain compliant.
  3. 3Implement AML/CFT FrameworkEstablish robust due diligence and reporting mechanisms as required by BoZ directives.
  4. 4Engage Banking PartnersPrepare for enhanced due diligence from commercial banks and payment service providers.