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Armenia vs Grenada

Crypto regulation comparison

← Back to map | Armenia | Grenada
Armenia

Armenia

Grenada

Grenada

Legal
No Regulation

Armenia adopted a comprehensive Law on Crypto Assets in May 2025, effective July 2025, modeled on the EU's MiCA. The Central Bank of Armenia licenses crypto service providers. Non-entrepreneur crypto gains are tax-free (0%); ECOS Free Economic Zone offers incentives for blockchain startups. Licensing enforcement begins January 2026.

Grenada has no specific cryptocurrency legislation. No income or capital gains tax. ECCB provides regional monetary oversight.

Tax Type Capital gains
Tax Type No tax
Tax Rate 0% (non-entrepreneur) / 10-20% (business)
Tax Rate 0%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Central Bank of Armenia
Regulator Eastern Caribbean Central Bank (ECCB)
Stablecoin Rules No specific stablecoin regulation
Stablecoin Rules No specific stablecoin regulation
Key Points
  • Law on Crypto Assets adopted May 2025, effective July 2025
  • Central Bank of Armenia licenses all crypto service providers
  • 0% capital gains tax for non-entrepreneur crypto transactions
  • Framework modeled on EU MiCA regulation
  • Licensing enforcement begins January 31, 2026
Key Points
  • No specific cryptocurrency legislation
  • No income or capital gains tax
  • ECCB provides regional monetary oversight
  • Limited crypto adoption
  • No licensing framework for crypto services
Sources
Sources