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Barbados vs Micronesia

Crypto regulation comparison

← Back to map | Barbados | Micronesia
Barbados

Barbados

Micronesia

Micronesia

Legal
No Regulation

Barbados has a favorable environment for cryptocurrency. With no income or capital gains tax, crypto activities are not specifically taxed. The Financial Services Commission oversees financial markets. Barbados has been exploring blockchain for government services.

Micronesia has no specific cryptocurrency regulation. Uses the US dollar as its official currency.

Tax Type No tax
Tax Type None
Tax Rate 0%
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Central Bank of Barbados, Financial Services Commission
Regulator Department of Finance and Administration
Stablecoin Rules No specific stablecoin regulation
Stablecoin Rules No stablecoin regulation
Key Points
  • No income tax or capital gains tax applies to crypto
  • Financial Services Commission provides general oversight of financial markets
  • Government has explored blockchain for land registry and identity services
  • Crypto businesses operate under general financial services regulations
  • Growing fintech sector with interest in digital asset innovation
Key Points
  • No specific cryptocurrency legislation
  • Uses the US dollar as official currency
  • Very limited financial infrastructure
  • Minimal crypto adoption
  • No licensing framework for crypto services
Sources
Sources