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ZEC $257.36 (-8.37%)
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AVAX $8.70 (-3.22%)

Angola vs Ecuador

Crypto regulation comparison

← Back to map | Angola | Ecuador
Angola

Angola

Ecuador

Ecuador

No Data
Partially Regulated

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Ecuador has a complex relationship with cryptocurrency. A 2014 National Assembly resolution banned Bitcoin as legal tender, and the Central Bank prohibits financial institutions from dealing in crypto. However, private ownership and trading of crypto are not explicitly illegal, and peer-to-peer usage exists.

Tax Type Unclear
Tax Type Unclear
Tax Rate N/A
Tax Rate N/A
Exchanges No No
Exchanges Yes Yes
Mining No No
Mining Yes Yes
Regulator -
Regulator Banco Central del Ecuador, Superintendencia de Bancos
Stablecoin Rules -
Stablecoin Rules No specific stablecoin regulation
Key Points

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Key Points
  • 2014 resolution prohibits crypto from being used as legal tender
  • Central Bank bans financial institutions from facilitating crypto transactions
  • Private ownership and P2P trading exist in a legal gray area
  • Ecuador uses the US dollar as its official currency, limiting monetary policy tools
  • No comprehensive crypto regulatory framework in place
Sources

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Sources