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Burkina Faso vs Marshall Islands

Crypto regulation comparison

← Back to map | Burkina Faso | Marshall Islands
Burkina Faso

Burkina Faso

Marshall Islands

Marshall Islands

No Regulation
Legal

Burkina Faso has no specific cryptocurrency regulation. As a WAEMU member, it falls under BCEAO oversight.

The Marshall Islands passed the Sovereign Currency Act in 2018 to create the SOV, a blockchain-based national digital currency. No income or capital gains tax.

Tax Type None
Tax Type No tax
Tax Rate N/A
Tax Rate 0%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator BCEAO (Central Bank of West African States)
Regulator Banking Commission of the Marshall Islands
Stablecoin Rules No stablecoin regulation
Stablecoin Rules No specific stablecoin regulation
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
  • Sovereign Currency Act (2018) created SOV digital currency
  • No income or capital gains tax
  • Has been a popular jurisdiction for DAO registration
  • Banking Commission provides oversight
  • Limited domestic crypto adoption
Sources
Sources