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Armenia vs Kuwait

Crypto regulation comparison

← Back to map | Armenia | Kuwait
Armenia

Armenia

Kuwait

Kuwait

Legal
Restricted

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.

Kuwait has taken a restrictive approach to cryptocurrency. The Central Bank of Kuwait and the Capital Markets Authority have prohibited banks and financial institutions from processing crypto transactions. There is no licensing framework for crypto exchanges. However, owning crypto is not explicitly illegal, and there is no personal income tax in Kuwait, so no crypto-specific tax applies.

Tax Type Capital gains
Tax Type None
Tax Rate 0% (non-entrepreneur) / 10-20% (business)
Tax Rate 0%
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining Yes Yes
Regulator Central Bank of Armenia
Regulator CBK (Central Bank of Kuwait), CMA
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
  • CBK prohibits banks and financial institutions from dealing in virtual currencies
  • No licensing framework exists for crypto exchanges or VASPs
  • Personal ownership of crypto is not explicitly criminalized
  • No personal income or capital gains tax in Kuwait applies to crypto
  • CMA has warned investors about the risks of cryptocurrency
Sources
Sources