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United Arab Emirates vs Ghana

Crypto regulation comparison

← Back to map | United Arab Emirates | Ghana
United Arab Emirates

United Arab Emirates

Ghana

Ghana

Legal
No Regulation

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.

Ghana has no specific cryptocurrency legislation. The Bank of Ghana has warned citizens about the risks of crypto but has not imposed an outright ban. SEC Ghana has indicated plans to develop a regulatory framework for digital assets, and the country has one of Africa's growing crypto communities.

Tax Type None
Tax Type Unclear
Tax Rate 0%
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator VARA (Dubai), ADGM/FSRA (Abu Dhabi), SCA (Federal), CBUAE
Regulator Bank of Ghana (BoG), SEC Ghana
Stablecoin Rules VARA regulates stablecoins in Dubai; ADGM has separate framework
Stablecoin Rules No stablecoin regulation; Bank of Ghana exploring e-Cedi CBDC
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
  • No specific cryptocurrency legislation or regulatory framework exists
  • Bank of Ghana issued warnings about crypto risks but has not banned it
  • SEC Ghana has expressed interest in developing a digital asset framework
  • Ghana has high crypto adoption relative to its economy, particularly for P2P trading
  • Bank of Ghana has been piloting the e-Cedi CBDC
Sources
Sources