Albania vs Saint Kitts and Nevis
Crypto regulation comparison
Albania
Saint Kitts and Nevis
Legal
Legal
Albania adopted Law No. 66/2020 on Financial Markets Based on Distributed Ledger Technology, establishing a comprehensive licensing framework for crypto activities. The AMF and AKSHI jointly supervise. A 2022 licensing regime allows five types of DLT licenses. Crypto profits taxed at 15% capital gains; mining income taxed at 0-23%.
Saint Kitts and Nevis has taken a crypto-friendly approach. No income or capital gains tax. The country accepts crypto for citizenship by investment.
Tax Type
Capital gains
Tax Type
No tax
Tax Rate
15%
Tax Rate
0%
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
Financial Supervisory Authority of Albania (AMF)
Regulator
Eastern Caribbean Central Bank (ECCB), Financial Services Regulatory Commission
Stablecoin Rules
No specific stablecoin regulation
Stablecoin Rules
No specific stablecoin regulation
Key Points
- Law on Financial Markets Based on DLT adopted in 2020
- Five types of DLT licenses: exchange, agent, custody, collective investment, innovative service
- Crypto profits taxed at 15% capital gains; mining at 0-23% income rates
- AML/KYC requirements apply to crypto service providers
- Albania remains on FATF grey list for AML/CFT monitoring
Key Points
- Crypto-friendly regulatory approach
- No income or capital gains tax
- Citizenship by investment accepts cryptocurrency
- ECCB provides regional monetary oversight
- Growing digital economy initiatives