Bulgaria vs Tuvalu
Crypto regulation comparison
Bulgaria
Tuvalu
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.
Tuvalu has no specific cryptocurrency regulation. Uses the Australian dollar.
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
- Uses the Australian dollar
- Very limited financial and internet infrastructure
- Minimal crypto adoption
- No licensing framework for crypto services