Lesotho: crypto is not supervised

The Central Bank of Lesotho says cryptocurrencies are neither legal tender in Lesotho nor currencies issued by another monetary authority and traded by locally licensed institutions. It does not supervise or regulate cryptocurrencies, their systems, promoters, or intermediaries, and offers no recourse for losses. It also warns that promoting them as investment opportunities can require an investment-adviser licence and that participation can breach tax, exchange-control, and AML/CFT laws. The 2025-2030 national plan identifies that a future fintech framework must include crypto assets, confirming work in development rather than current authorisation. Providers and P2P are not recommended without a current official source.

Official source for this framework: Central Bank of Lesotho: press statement on cryptocurrencies (supports: regulatory status, regulatory framework, regulatory timeline) · Central Bank of Lesotho: Financial Sector Development Strategy II 2025-2030 (supports: regulatory framework, regulatory timeline)