Bangladesh vs Dominica
Crypto regulation comparison
Bangladesh
Dominica
Banned
No Regulation
Bangladesh effectively bans cryptocurrency. Bangladesh Bank issued warnings in 2017 citing anti-money laundering laws, and the Foreign Exchange Regulation Act 1947 prohibits unapproved digital currency transactions. Violations can result in imprisonment up to 12 years.
Dominica has no specific cryptocurrency legislation. No income or capital gains tax. ECCB provides regional monetary oversight.
Tax Type
Unclear
Tax Type
No tax
Tax Rate
N/A
Tax Rate
0%
Exchanges
No
Exchanges
Yes
Mining
No
Mining
Yes
Regulator
Bangladesh Bank
Regulator
Eastern Caribbean Central Bank (ECCB)
Stablecoin Rules
Not applicable; all crypto transactions are prohibited
Stablecoin Rules
No specific stablecoin regulation
Key Points
- Bangladesh Bank issued a 2017 notice warning against crypto transactions
- Foreign Exchange Regulation Act 1947 used to prohibit crypto dealings
- Money Laundering Prevention Act 2012 applies to crypto-related activities
- Penalties can include up to 10 years imprisonment and fines up to 3 million BDT
- Despite the ban, some peer-to-peer trading occurs underground
Key Points
- No specific cryptocurrency legislation
- No income or capital gains tax
- ECCB provides regional monetary oversight
- DCash CBDC pilot in the ECCU region
- Limited crypto adoption