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Belgium vs Zimbabwe

Crypto regulation comparison

← Back to map | Belgium | Zimbabwe
Belgium

Belgium

Zimbabwe

Zimbabwe

Legal
Restricted

Cryptocurrency is legal in Belgium and regulated under the EU's MiCA framework. Tax treatment depends on whether gains are considered normal management of private assets (tax-free), speculative (33% misc income), or professional income (progressive rates). The FSMA has banned distribution of crypto derivatives to consumers.

Zimbabwe has restricted cryptocurrency through its central bank. The RBZ banned financial institutions from processing crypto transactions in 2018. However, in a unique move, the RBZ issued gold-backed digital tokens (ZiG tokens) in 2023 as a store of value. Zimbabwe has a history of currency instability (hyperinflation, currency collapses) which drives informal crypto adoption for hedging and remittances.

Tax Type Varies
Tax Type None
Tax Rate 0-33%
Tax Rate N/A
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining Yes Yes
Regulator FSMA (Financial Services and Markets Authority)
Regulator RBZ (Reserve Bank of Zimbabwe)
Stablecoin Rules Regulated under EU MiCA framework
Stablecoin Rules No private stablecoin regulation; RBZ introduced gold-backed ZiG digital token as state currency
Key Points
  • Tax treatment depends on classification: normal portfolio management (0%), speculation (33%), or professional (up to 50%)
  • FSMA banned advertising of crypto derivatives and certain crypto products to consumers in 2022
  • VASPs must register with FSMA and comply with AML/KYC requirements
  • MiCA regulation fully applicable from December 2024
  • Belgium has a relatively active crypto community and blockchain ecosystem
Key Points
  • RBZ banned banks and financial institutions from servicing crypto in 2018
  • RBZ issued gold-backed digital tokens (ZiG) in 2023 as a CBDC-like instrument
  • No licensing framework for crypto exchanges
  • Informal crypto adoption driven by currency instability and remittance needs
  • Crypto ownership itself is not explicitly criminalized for individuals
Sources
Sources