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Angola vs Dominican Republic

Crypto regulation comparison

← Back to map | Angola | Dominican Republic
Angola

Angola

Dominican Republic

Dominican Republic

No Data
Restricted

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The Dominican Republic has no specific cryptocurrency legislation. The central bank (BCRD) issued statements in 2017 and 2021 warning that crypto is not legal tender and prohibiting regulated financial institutions from dealing in digital assets under Monetary Law No. 183-02. Individual use is not criminalized but operates in a restricted gray area.

Tax Type Unclear
Tax Type Unclear
Tax Rate N/A
Tax Rate N/A
Exchanges No No
Exchanges No No
Mining No No
Mining Yes Yes
Regulator -
Regulator Banco Central de la República Dominicana (BCRD), SIMV
Stablecoin Rules -
Stablecoin Rules No stablecoin regulation
Key Points

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Key Points
  • No specific cryptocurrency legislation exists
  • BCRD prohibits regulated financial institutions from dealing in crypto
  • Crypto is not recognized as legal tender
  • No licensing framework for crypto exchanges
  • Crypto gains treated as taxable income when converted to Dominican pesos
Sources

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Sources