Bulgaria vs São Tomé and Príncipe
Crypto regulation comparison
Bulgaria
São Tomé and Príncipe
Legal
No Regulation
Cryptocurrency is legal in Bulgaria and subject to a flat 10% tax on capital gains, one of the lowest in the EU. Bulgaria adopted the EU's MiCA framework and requires crypto service providers to register. The country has a notable history with crypto due to a large government Bitcoin seizure in 2017.
São Tomé and Príncipe has no specific cryptocurrency regulation.
Tax Type
Capital gains
Tax Type
None
Tax Rate
10%
Tax Rate
N/A
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
NRA (National Revenue Agency), FSC (Financial Supervision Commission)
Regulator
Banco Central de São Tomé e Príncipe
Stablecoin Rules
Regulated under EU MiCA framework
Stablecoin Rules
No stablecoin regulation
Key Points
- Flat 10% personal income tax rate applies to crypto capital gains
- VASPs must register with the NRA for AML compliance
- MiCA framework applicable from December 2024
- Bulgaria reportedly seized approximately 200,000 BTC in a 2017 crime bust (status debated)
- No specific crypto legislation beyond EU directives and general tax law
Key Points
- No specific cryptocurrency legislation
- Central bank has not addressed crypto
- Very limited financial infrastructure
- Minimal crypto adoption
- No licensing framework for crypto services
