According to Finbold, the central bank of Namibia, BON, has incorporated virtual assets (VA) and virtual asset service providers (VASPs) into its financial technology innovation regulatory framework in a phased manner through its innovation center, stating that although digital currencies such as Bitcoin are still Recognized by law, but retailers and distributors can accept this form of funding if they are willing to participate in such an exchange or transaction, and is considering "working in consultation with other relevant authorities to amend applicable laws and regulations".