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Bosnia and Herzegovina vs Saudi Arabia

Crypto regulation comparison

← Back to map | Bosnia and Herzegovina | Saudi Arabia
Bosnia and Herzegovina

Bosnia and Herzegovina

Saudi Arabia

Saudi Arabia

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%.

Saudi Arabia has an ambiguous but generally restrictive approach to cryptocurrency. SAMA has not licensed any crypto exchanges, and financial institutions are warned against dealing in crypto. However, crypto is not explicitly banned by law, and Saudi Arabia has participated in blockchain initiatives (Project Aber with the UAE central bank). No personal income or capital gains tax exists in Saudi Arabia.

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 SAMA (Saudi Arabian Monetary Authority), CMA Saudi Arabia
Stablecoin Rules No specific stablecoin regulation; 2024 AML law covers VASPs
Stablecoin Rules No regulation; crypto trading not authorized
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
  • SAMA has not authorized or licensed any cryptocurrency exchanges
  • Financial institutions warned against crypto transactions
  • Crypto not explicitly banned but not regulated; exists in a legal gray area
  • No personal income or capital gains tax in Saudi Arabia
  • Saudi Arabia participated in CBDC experiments (Project Aber with UAE)
Sources
Sources