Burkina Faso vs Czech Republic
Crypto regulation comparison
Burkina Faso
Czech Republic
No Regulation
Legal
Burkina Faso has no specific cryptocurrency regulation. As a WAEMU member, it falls under BCEAO oversight.
Cryptocurrency is legal in the Czech Republic with a growing regulatory framework aligned with EU standards. Crypto gains are subject to personal income tax at 15% (or 23% for high earners). A 2024 amendment introduced a tax exemption for crypto held over 3 years, effective from 2025.
Tax Type
None
Tax Type
Capital gains
Tax Rate
N/A
Tax Rate
15-23%
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
BCEAO (Central Bank of West African States)
Regulator
CNB (Czech National Bank), FAU (Financial Analytical Office)
Stablecoin Rules
No stablecoin regulation
Stablecoin Rules
Regulated under EU MiCA framework
Key Points
- No specific national cryptocurrency legislation
- BCEAO provides regional monetary oversight
- Part of the WAEMU monetary zone using the CFA franc
- Political instability limits regulatory development
- Minimal crypto adoption
Key Points
- Crypto gains taxed at 15% income tax (23% for income above CZK 1,935,552)
- New exemption from 2025: crypto held over 3 years or gains under CZK 100,000 per year exempt
- VASPs must register with the FAU (trade licensing office) and comply with AML law
- MiCA framework applicable from December 2024
- Prague is a notable European hub for crypto businesses and blockchain development