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United Arab Emirates vs Czech Republic

Crypto regulation comparison

← Back to map | United Arab Emirates | Czech Republic
United Arab Emirates

United Arab Emirates

Czech Republic

Czech Republic

Legal
Legal

The UAE has become a global crypto hub with multiple regulatory frameworks. Dubai's VARA (Virtual Assets Regulatory Authority), established in 2022, is the world's first dedicated crypto regulator and licenses exchanges, brokers, and other VASPs. Abu Dhabi's ADGM regulates crypto through the FSRA. The federal SCA also oversees crypto at the national level. The UAE has no personal income or capital gains tax. Major global exchanges (Binance, Bybit, OKX, Crypto.com) have obtained UAE licenses.

Cryptocurrency is legal in the Czech Republic with a growing regulatory framework aligned with EU standards. Crypto gains are subject to personal income tax at 15% (or 23% for high earners). A 2024 amendment introduced a tax exemption for crypto held over 3 years, effective from 2025.

Tax Type None
Tax Type Capital gains
Tax Rate 0%
Tax Rate 15-23%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator VARA (Dubai), ADGM/FSRA (Abu Dhabi), SCA (Federal), CBUAE
Regulator CNB (Czech National Bank), FAU (Financial Analytical Office)
Stablecoin Rules VARA regulates stablecoins in Dubai; ADGM has separate framework
Stablecoin Rules Regulated under EU MiCA framework
Key Points
  • VARA (Dubai) — world's first standalone virtual asset regulator; comprehensive licensing framework
  • ADGM/FSRA (Abu Dhabi) — separate regulatory framework for digital assets in the financial free zone
  • No personal income tax or capital gains tax in the UAE
  • 9% corporate tax (from 2023) may apply to crypto businesses but not individual investors
  • Major exchanges licensed: Binance, Bybit, OKX, Crypto.com, BitOasis
Key Points
  • Crypto gains taxed at 15% income tax (23% for income above CZK 1,935,552)
  • New exemption from 2025: crypto held over 3 years or gains under CZK 100,000 per year exempt
  • VASPs must register with the FAU (trade licensing office) and comply with AML law
  • MiCA framework applicable from December 2024
  • Prague is a notable European hub for crypto businesses and blockchain development
Sources
Sources