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Bosnia and Herzegovina vs Kuwait

Crypto regulation comparison

← Back to map | Bosnia and Herzegovina | Kuwait
Bosnia and Herzegovina

Bosnia and Herzegovina

Kuwait

Kuwait

Partially Regulated
Restricted

Bosnia and Herzegovina has no comprehensive crypto legislation. The Central Bank warns crypto is not legal tender and banks cannot convert crypto to BAM. Crypto trading is legal. A 2024 AML law designates VASPs as obligated entities. Republika Srpska gave crypto legal status as digital records of value in 2022. Corporate tax on crypto is 10%.

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 Income
Tax Type None
Tax Rate 10%
Tax Rate 0%
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining Yes Yes
Regulator Central Bank of Bosnia and Herzegovina
Regulator CBK (Central Bank of Kuwait), CMA
Stablecoin Rules No specific stablecoin regulation; 2024 AML law covers VASPs
Stablecoin Rules No specific stablecoin regulation
Key Points
  • No comprehensive crypto legislation at state level
  • Central Bank warns crypto is not legal tender; banks cannot convert to BAM
  • 2024 AML/CFT law designates VASPs as obligated entities with KYC requirements
  • Republika Srpska gave crypto legal status as digital records in 2022
  • 10% corporate tax on crypto profits; exchange services VAT exempt
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