Crypto in your business.

Banned by the Taliban administration since 2022.

Authorities have shut down crypto exchanges and detained traders. P2P activity continues underground.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Financial Markets Authority licenses providers since 2020.

Law on Financial Markets Based on Distributed Ledger Technology provides full framework.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Banned under the Finance Law of 2018.

Crypto purchase, sale, holding and use are illegal under the Finance Law.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Mining criminalised in 2024.

2024 law makes unlicensed crypto mining a crime; trading remains unregulated.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Widely used as inflation hedge; contracts may be in crypto.

Crypto adoption is strong due to high inflation. Contracts can be settled in crypto. VASPs must register with the CNV. Gains are subject to income tax.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal; framework being developed.

Crypto activity is permitted; comprehensive licensing is being introduced.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal property. AUSTRAC registration for exchanges.

Crypto treated as property. CGT applies. Exchanges must register with AUSTRAC for AML/CTF compliance. Businesses freely accept crypto.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal; 27.5% flat tax on crypto income since 2022.

FMA licenses VASPs. Crypto gains taxed at 27.5%. MiCA applies.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Not regulated; gains taxed as miscellaneous income.

No specific crypto law. Gains are taxed under general income tax rules.

• Accept payments
• Legal tender
• Tax on gains
• License needed

DARE Act provides full regulatory framework. Sand Dollar CBDC live.

The Digital Assets and Registered Exchanges Act 2020 (updated 2024) regulates exchanges, stablecoins and custodians.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Pro-crypto with full CBB licensing regime.

The Central Bank of Bahrain offers a four-tier crypto licence. Businesses can accept crypto under sandbox programmes.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Banned by the central bank. Trading carries criminal penalties.

Bangladesh Bank prohibits crypto under the Foreign Exchange Regulation Act and the Money Laundering Prevention Act.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Crypto tax-free under Decree 8 until 2025.

High Technologies Park residents enjoy a tax exemption on crypto activity through 2025.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal under FSMA; tax depends on activity type.

FSMA supervises crypto providers under MiCA. Tax treatment ranges from tax-free (good father of family) to 33%.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Digital Asset Business Act 2018 provides full licensing.

BMA licenses digital asset businesses. Government accepts USDC for taxes and fees.

• Accept payments
• Legal tender
• Tax on gains
• License needed

State-backed Bitcoin mining; private trading limited.

Bhutan's sovereign wealth fund mines and holds Bitcoin. Retail crypto activity remains undeveloped.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Central bank lifted crypto ban in 2024.

The Banco Central de Bolivia reversed its 2014 ban and now allows banks to process crypto transactions.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Unregulated; central bank discourages use.

No specific legislation. The central bank has issued warnings.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal payments allowed; supervised by the Central Bank.

The 2022 Crypto Assets Act made the Central Bank of Brazil the regulator. Service providers need authorization. Capital gains above a monthly threshold are taxed.

• Accept payments
• Legal tender
• Tax on gains
• License needed

VASP Act 2022 regulates exchanges; tax-neutral.

BVI Financial Services Commission supervises VASPs. Many crypto holding companies are incorporated here.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Not regulated; MAS warns of risks.

Monetary Authority of Brunei Darussalam does not recognise crypto as legal tender.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal; 10% flat tax on crypto income.

FSC supervises providers. Bulgaria holds significant seized BTC reserves.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Central bank prohibits crypto; CBDC Bakong widely used.

NBC bans private crypto for payments. Bakong tokenised currency dominates digital payments.

• Accept payments
• Legal tender
• Tax on gains
• License needed

BEAC discourages; no formal regulation.

Regional central bank BEAC discourages crypto. No legal framework.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal and well-regulated. Crypto is treated as a commodity.

Crypto trading platforms register as MSBs with FINTRAC. Businesses can accept crypto payments; gains are taxed as business income or capital gains.

• Accept payments
• Legal tender
• Tax on gains
• License needed

VASP Act regulates crypto; no capital gains tax.

CIMA registers VASPs under the 2020 Act. No income or capital gains tax makes it a popular fund domicile.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Fintech Law 2023 regulates crypto service providers.

Ley Fintech entered force in 2023, supervised by the CMF. Income tax applies on gains.

• Accept payments
• Legal tender
• Tax on gains
• License needed

All crypto trading and mining banned since 2021.

The PBoC declared all crypto transactions illegal. Exchanges and mining are prohibited. The digital yuan (e-CNY) is promoted instead.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal; banks now permitted under pilot programs.

The SFC ran a pilot allowing banks to service exchanges. A crypto bill was reintroduced in Congress.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal, with employers allowed to pay salaries in crypto.

No specific crypto law; central bank does not recognise it as currency but use is permitted. Salaries may be partially paid in crypto.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Unregulated; BCEAO warns of risks.

No specific national framework; informal P2P market exists.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal; 12% tax on gains held <2 years.

HANFA supervises providers under MiCA. Holdings over 2 years are tax-exempt.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Central bank licenses crypto service providers since 2021.

Resolución 215/2021 authorises crypto for payments through licensed providers, partly to bypass US sanctions.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal; CySEC registers crypto providers.

CySEC has registered many crypto firms. No capital gains tax on most disposals for individuals.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Crypto gains held >3 years tax-free from 2025.

ČNB supervises providers under MiCA. New rules exempt long-term holdings.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Unregulated; mining presence growing.

No formal framework. Off-grid solar Bitcoin mining is emerging in conservation areas.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal; FSA supervises. Gains taxed as personal income.

Finanstilsynet supervises VASPs under MiCA. Crypto gains taxed up to 52%.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Not legal tender; central bank warns financial institutions.

Banco Central prohibits regulated banks from crypto operations. Retail use is unregulated.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Bitcoin not legal tender; central bank discourages use.

Despite an early CBDC attempt, crypto is not recognised as currency. Use is at user risk.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Banned by the Central Bank; religious ruling deems it haram.

The Central Bank of Egypt prohibits trading and dealing in crypto without a licence, which is not currently issued. Dar al-Ifta has declared it forbidden.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Bitcoin is legal tender. All merchants may accept BTC.

Since 2021 Bitcoin is legal tender alongside the US dollar. No capital gains tax on Bitcoin. The country offers residency and tax incentives for crypto entrepreneurs.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Pioneer in crypto licensing; rules tightened.

FIU issues VASP licences under stricter post-2022 rules. Corporate tax 22% on distributed profits only.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Banks barred; data-centre mining licensed.

National Bank of Ethiopia bars banks. Mining is allowed under telecom-style licensing.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Reserve Bank prohibits dealing in crypto.

RBF requires approval for crypto dealings; in practice none granted.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal; FIN-FSA supervises. Gains taxed 30-34%.

FIN-FSA registers VASPs. Capital gains tax at 30% up to €30k, 34% above.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal under PSAN registration with AMF. MiCA applies.

Crypto service providers register as PSAN with the AMF. Flat 30% tax on occasional crypto gains. Professional traders taxed differently.

• Accept payments
• Legal tender
• Tax on gains
• License needed

No personal income tax on crypto for individuals.

Crypto-to-fiat conversions exempt from VAT. Individuals pay no tax on crypto gains.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Crypto recognised as 'units of account'. Tax-free after 1-year hold.

BaFin licenses crypto custodians. Private investors pay no tax on crypto held longer than 12 months. MiCA applies EU-wide from 2024.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Bank of Ghana issued draft guidelines for VASPs.

BoG published a regulatory framework in 2024. eCedi CBDC piloted.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal under MiCA; HCMC supervises.

Hellenic Capital Markets Commission registers providers. Tax framework being finalised.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal but unregulated; central bank warns of risk.

No formal regulation; the central bank has issued advisories. Bitcoin is accepted in several towns.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Central bank prohibits regulated entities from crypto.

The Banco Central de Honduras bars supervised financial institutions from handling crypto. Próspera ZEDE recognises Bitcoin.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Reopening to retail crypto under SFC licensing regime.

Since 2023, retail trading is allowed via SFC-licensed exchanges. No capital gains tax. Spot Bitcoin & Ether ETFs are listed.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal; 15% flat tax on crypto gains.

MNB supervises providers. Crypto gains taxed at 15% personal income tax.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal; large mining sector on geothermal power.

FME supervises providers. Iceland hosts one of the highest mining hashrates per capita.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal to hold; 30% tax + 1% TDS. Not legal tender.

Crypto income is taxed at 30% with a 1% TDS on each trade. Exchanges register with FIU-IND. Using crypto as payment is discouraged.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal as commodity; Bappebti supervises exchanges.

Crypto is regulated as a commodity by Bappebti. From 2025, OJK takes over supervision. 0.21% VAT + income tax.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Mining licensed; domestic crypto payments banned.

Iran licenses Bitcoin miners and accepts crypto for imports, but bans the use of mined crypto inside the country.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Crypto banned by the central bank since 2017.

The Central Bank of Iraq has prohibited the use of crypto. Enforcement is uneven but no legal framework exists.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal; CBI supervises VASPs. CGT 33%.

Central Bank of Ireland registers VASPs. Capital gains tax at 33%; corporate tax 12.5%.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal as financial asset; ISA supervises platforms.

Crypto is treated as a financial asset. Exchanges require licensing. Capital gains tax of 25% applies to individuals.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal; 26% tax on gains above €2,000 threshold.

OAM registry required for crypto providers. MiCA applies. Substitute tax of 26% on capital gains.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Crypto legal; Jam-Dex CBDC also in circulation.

FSC issues guidance for crypto service providers. The country launched Jam-Dex, one of the first official CBDCs.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal property. Strict FSA licensing for exchanges.

Crypto exchanges must register with the FSA. Gains are taxed as miscellaneous income (up to 55%). Businesses commonly accept BTC.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Central Bank bars banks; individual use is grey.

The Central Bank of Jordan prohibits regulated entities from crypto. Retail trading exists informally.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Major mining hub; AIFC licenses crypto exchanges.

Astana International Financial Centre regulates exchanges. Mining is taxed via electricity surcharge.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Crypto taxed at 3% via Digital Asset Tax since 2023.

Finance Act 2023 imposes 3% Digital Asset Tax. Comprehensive regulation under development.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Mining banned due to energy shortages.

Authorities banned crypto mining in 2022 amid power crisis. Trading remains unregulated.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Crypto payments and investment banned since 2023.

The Capital Markets Authority and central bank prohibit virtual asset transactions and mining.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal under Virtual Assets Law of 2022.

Crypto trading and mining regulated by the financial regulator.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Pilot crypto framework with licensed miners and exchanges.

Bank of Lao PDR licenses pilot crypto businesses under a 2021 decree.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal; MiCA applies under FCMC supervision.

FCMC oversees crypto providers. Personal income tax 25.5% on gains.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Banking sector barred; crypto used widely as USD substitute.

Amid currency collapse, citizens use stablecoins and crypto despite a central bank ban on financial institutions handling it.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Central Bank of Libya bans crypto since 2018.

CBL prohibits dealings in crypto. Active conflict limits enforcement.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Hub for crypto firms; Bank of Lithuania supervises.

Many EU crypto firms hold Lithuanian licences. MiCA applies.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Major crypto fund hub. CSSF regulates providers.

CSSF was the first EU regulator to license a crypto exchange. Strong fund and tokenisation infrastructure.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Crypto is property, regulated as a security by SC.

Securities Commission supervises exchanges. No capital gains tax unless trading is a business.

• Accept payments
• Legal tender
• Tax on gains
• License needed

No regulation; central bank discourages use.

The Maldives Monetary Authority has issued warnings against crypto. No domestic exchange framework exists.

• Accept payments
• Legal tender
• Tax on gains
• License needed

'Blockchain Island' with bespoke VFA licensing framework.

The Virtual Financial Assets Act provides a complete licensing regime. Attractive corporate tax structures and a clear path for exchanges and token issuers.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Crypto-friendly; DAO Act recognises DAOs as legal entities.

2022 DAO Act lets DAOs incorporate. Government-backed SOV digital currency was paused.

• Accept payments
• Legal tender
• Tax on gains
• License needed

FSC Virtual Asset Act 2021 provides clear regime.

FSC supervises VAITOS providers. No capital gains tax; popular for crypto funds.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal under Fintech Law; not legal tender.

The 2018 Fintech Law regulates ITFs. Banco de México bars banks from offering crypto directly. ISR applies on gains.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Not regulated; central bank cautions against use.

Banca Națională a Moldovei warns against crypto. No formal framework yet.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal; Financial Regulatory Commission supervises.

FRC licenses Virtual Asset Service Providers under 2022 law.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Adopting EU MiCA-aligned framework.

Government aligning with EU rules ahead of accession. Crypto income taxed at 15%.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Trading legal informally; new regulation drafted.

Bank Al-Maghrib bans regulated entities. A new crypto law is being drafted in 2024-25.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Central bank bans crypto since 2020.

CBM prohibits crypto. The shadow opposition government has adopted USDT for its operations.

• Accept payments
• Legal tender
• Tax on gains
• License needed

All crypto transactions illegal under Nepal Rastra Bank rules.

Trading, mining and holding crypto are prohibited; authorities have arrested individuals for crypto-related activity.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal. VASPs must register with DNB. MiCA in force.

The Dutch Central Bank (DNB) requires crypto service providers to register. Holdings are taxed annually in Box 3 (wealth tax). Businesses can accept crypto freely.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal; FMA oversees. Income tax on disposals.

FMA regulates crypto exchanges. Gains generally taxed as income; no separate CGT regime.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Not regulated; central bank discourages use.

No formal framework. Use is informal and discouraged by authorities.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal for individuals; banking access historically restricted.

The SEC introduced rules for VASPs in 2022 and lifted the banking ban in 2023. P2P trading is popular. Income tax applies on profits.

• Accept payments
• Legal tender
• Tax on gains
• License needed

No legal market; state-linked hacking widely reported.

No legal crypto market exists. State-linked actors are major sources of crypto theft.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Central bank bars financial institutions from crypto.

No legal framework. The NBRM advises against crypto and bars regulated entities from offering it.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal; gains taxed 22%. Active mining sector.

Finanstilsynet oversees providers. Norway hosts significant hydro-powered mining.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Framework launched 2024 under FSA supervision.

Oman's Financial Services Authority introduced a Virtual Assets Regulatory Framework in 2024 covering exchanges, custody and tokenisation.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Crypto trading banned by the State Bank; legislation in flux.

The State Bank of Pakistan has prohibited financial institutions from dealing in virtual currencies. A federal task force is drafting a regulatory framework.

• Accept payments
• Legal tender
• Tax on gains
• License needed

PMA warns against crypto; informal use widespread.

The Palestine Monetary Authority has issued warnings but no formal ban. P2P stablecoin use is common.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Crypto legal for payments; no capital gains tax.

Panama recognises crypto as a payment option. The Panamanian territorial tax system exempts foreign-source gains.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Unregulated; central bank issues advisories.

Bank of PNG warns of risks; no formal framework.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Major mining hub thanks to cheap hydro power.

Crypto trading is unregulated but legal. A mining-specific law passed in 2024 brings industrial miners into a tax framework.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal; new law on virtual asset service providers in 2024.

Law 31.143 regulates VASPs from 2024. Crypto is taxed as income.

• Accept payments
• Legal tender
• Tax on gains
• License needed

BSP regulates VASPs; SEC oversees token offerings.

Bangko Sentral ng Pilipinas issues VASP licences. Gains taxed under general rules.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal; 19% flat tax on crypto income.

KNF supervises providers under MiCA. Crypto income taxed separately at 19%.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Crypto-friendly. Long-term holdings (1y+) tax-free.

Since 2023, short-term gains taxed at 28%; gains on assets held over 365 days are exempt. Popular destination for crypto entrepreneurs and the Golden Visa.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Crypto trading banned; QFC permits tokenisation only.

The Qatar Central Bank bans crypto trading. The Qatar Financial Centre permits tokenised securities under strict rules.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal; 10% income tax on crypto gains.

ASF supervises. Crypto gains taxed at 10% with €600 annual exemption.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Holding legal; domestic payments banned. Mining regulated.

Crypto cannot be used to pay for goods and services within Russia. Mining is legalised and regulated. Cross-border crypto settlements are being piloted.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Capital Markets Authority developing licensing.

CMA introduced crypto regulation in 2023 to align with global standards.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Central bank discourages and bars financial institutions.

Central Bank of Samoa bars regulated entities from crypto.

• Accept payments
• Legal tender
• Tax on gains
• License needed

No formal ban on holding, but banks are barred from crypto.

Authorities have warned against crypto and banks cannot service it. Trading is not illegal for individuals but happens in a grey zone.

• Accept payments
• Legal tender
• Tax on gains
• License needed

BCEAO discourages; no domestic framework.

Regional central bank BCEAO has not authorised crypto.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Digital Assets Law in force since 2021.

Securities Commission and NBS supervise digital asset service providers. 15% capital gains tax.

• Accept payments
• Legal tender
• Tax on gains
• License needed

VASP Act 2024 introduces FSA licensing.

Many exchanges historically domiciled here; 2024 law brings them under FSA oversight.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Hub for crypto firms. No capital gains tax.

MAS issues Payment Services Act licenses. No capital gains tax for individuals. Marketing to retail is restricted to protect consumers.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal; 7% favourable tax after 1-year hold.

NBS supervises. Crypto held over a year is taxed at 7% instead of standard rate.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Individuals largely tax-exempt on occasional trading.

Securities Market Agency supervises. Occasional crypto trading by individuals is generally not taxed.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal financial product under FSCA since 2022.

Crypto assets are a regulated financial product. CASPs need an FSP licence. Income/CGT rules apply depending on activity.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal but tightly regulated. Real-name bank accounts required.

Exchanges must partner with a Korean bank for real-name accounts and register with the FIU. The Virtual Asset User Protection Act took effect in 2024.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal under MiCA; CNMV registration for providers.

MiCA applies. The CNMV maintains a register of crypto providers. Gains taxed up to 28%.

• Accept payments
• Legal tender
• Tax on gains
• License needed

No legal framework; central bank warns against use.

The Central Bank of Sri Lanka has not authorised any entity to deal in crypto. Use is at the user's own risk.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal; 30% capital gains tax. FI supervises.

Finansinspektionen registers crypto providers. Government is critical of energy-intensive mining.

• Accept payments
• Legal tender
• Tax on gains
• License needed

'Crypto Valley', clear rules, no capital gains tax for individuals.

FINMA provides clear guidelines. Zug accepts tax payments in BTC and ETH. Private investors pay no capital gains tax; wealth tax applies.

• Accept payments
• Legal tender
• Tax on gains
• License needed

No regulation; international sanctions restrict access.

Crypto is not formally regulated. Sanctions limit access to international exchanges.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal; FSC supervises VASPs since 2024.

Financial Supervisory Commission introduced a VASP registration regime. Income taxed.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Not regulated; central bank discourages.

No formal framework. Authorities issue periodic warnings.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Central bank bars use; framework being explored.

BoT initially banned crypto then signalled openness. No formal framework yet.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Trading legal; using crypto as payment is prohibited.

The SEC licenses exchanges. Since 2022 crypto cannot be used as a means of payment for goods and services. Gains are taxed.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Bitcoin legal tender bill introduced; not yet enacted.

Lawmakers have proposed adopting BTC as legal tender; legislation is pending.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Foreign exchange rules restrict crypto.

No outright ban but FX regulations restrict crypto. Reforms under discussion.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Trading legal; payments in crypto banned since 2021.

Using crypto for payments is prohibited by the Central Bank. Trading and holding remain legal. A regulatory framework for service providers is in development.

• Accept payments
• Legal tender
• Tax on gains
• License needed

De facto banned with strict currency controls.

Foreign currency controls effectively prevent crypto use.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Unregulated; banks barred from crypto services.

Bank of Uganda bars regulated entities. A regulatory sandbox is under discussion.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Virtual Assets Law enacted; tax bill pending.

Ukraine recognises crypto legally. Donations in crypto funded wartime aid. Tax framework being implemented.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Pro-crypto with VARA in Dubai. No personal income tax.

Dubai's VARA and ADGM provide dedicated frameworks. Businesses can accept crypto. No personal capital gains tax; 9% corporate tax above AED 375k profit.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Legal. FCA registration required for crypto businesses.

The FCA supervises crypto firms for AML compliance. Marketing rules are strict. Capital gains tax applies on disposals above the annual allowance.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Crypto is legal. Businesses can accept it; treated as property for taxes.

Exchanges and money services must register with FinCEN and obtain state-level money transmitter licenses. The SEC oversees tokens classified as securities. Capital gains tax applies on disposals.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Virtual Asset Law passed 2024 under BCU supervision.

Ley de Activos Virtuales designates the BCU as crypto regulator. VASPs require licensing.

• Accept payments
• Legal tender
• Tax on gains
• License needed

NAPP licenses crypto exchanges and miners.

National Agency of Perspective Projects licenses crypto activity. No personal income tax on crypto.

• Accept payments
• Legal tender
• Tax on gains
• License needed

VFSC licenses crypto providers; offers digital nomad visa.

Vanuatu FSC operates a class of dealers in securities licence for crypto.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Crypto widely used; Sunacrip supervises operators.

Hyperinflation drove mass crypto adoption. The defunct Petro was shut down in 2024 but private crypto continues.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Holding allowed; crypto payments illegal.

Use of crypto as a means of payment is prohibited and fined. Trading and holding are not banned. A formal framework is in development.

• Accept payments
• Legal tender
• Tax on gains
• License needed

No legal framework; active armed conflict.

No crypto regulation exists. Sanctions and conflict make formal services unavailable.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Pilot regulatory framework launched 2023.

Bank of Zambia and SEC ran tests on crypto and are drafting regulation.

• Accept payments
• Legal tender
• Tax on gains
• License needed

Central bank ban; government issued gold-backed digital token.

RBZ banned crypto but issued ZiG, a gold-backed digital currency.

• Accept payments
• Legal tender
• Tax on gains
• License needed