BTC $66,276.00 (-1.31%)
ETH $1,920.00 (-2.78%)
XRP $1.39 (-4.67%)
BNB $599.71 (-2.69%)
SOL $80.69 (-2.00%)
TRX $0.28 (+0.85%)
DOGE $0.10 (-3.27%)
BCH $551.44 (-1.61%)
ADA $0.27 (-3.97%)
LEO $8.69 (+1.95%)
HYPE $28.31 (-1.91%)
XMR $328.54 (-2.13%)
CC $0.16 (-5.67%)
LINK $8.43 (-3.42%)
XLM $0.16 (-4.00%)
RAIN $0.01 (-0.92%)
ZEC $260.16 (-7.16%)
HBAR $0.10 (-4.36%)
LTC $51.85 (-4.47%)
AVAX $8.84 (-2.21%)

Albania vs Somalia

Crypto regulation comparison

← Back to map | Albania | Somalia
Albania

Albania

Somalia

Somalia

Legal
No Regulation

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%.

Somalia has no specific cryptocurrency regulation. The fragmented governance structure makes unified regulation extremely difficult. Mobile money dominates the financial landscape.

Tax Type Capital gains
Tax Type None
Tax Rate 15%
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Financial Supervisory Authority of Albania (AMF)
Regulator Central Bank of Somalia
Stablecoin Rules No specific stablecoin regulation
Stablecoin Rules No 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
  • No specific cryptocurrency legislation
  • Fragmented governance limits regulatory development
  • Mobile money dominates informal financial system
  • Very limited formal financial infrastructure
  • No licensing framework for crypto services
Sources
Sources