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Azerbaijan vs Saint Kitts and Nevis

Crypto regulation comparison

← Back to map | Azerbaijan | Saint Kitts and Nevis
Azerbaijan

Azerbaijan

Saint Kitts and Nevis

Saint Kitts and Nevis

Partially Regulated
Legal

Azerbaijan has no specific cryptocurrency legislation but crypto is not banned. Crypto profits are taxable at 14% income tax. The Central Bank is drafting a comprehensive digital asset framework expected by end of 2025, modeled on international best practices. A regulatory sandbox is being developed.

Saint Kitts and Nevis has taken a crypto-friendly approach. No income or capital gains tax. The country accepts crypto for citizenship by investment.

Tax Type Income
Tax Type No tax
Tax Rate 14%
Tax Rate 0%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Central Bank of Azerbaijan
Regulator Eastern Caribbean Central Bank (ECCB), Financial Services Regulatory Commission
Stablecoin Rules No stablecoin regulation
Stablecoin Rules No specific stablecoin regulation
Key Points
  • No specific crypto legislation; operates in legal gray area
  • Crypto profits taxable at 14% income tax
  • Central Bank drafting comprehensive digital asset framework
  • Manat is the only legal tender per 1995 Constitution
  • Regulatory sandbox being developed for virtual assets
Key Points
  • Crypto-friendly regulatory approach
  • No income or capital gains tax
  • Citizenship by investment accepts cryptocurrency
  • ECCB provides regional monetary oversight
  • Growing digital economy initiatives
Sources
Sources