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Brunei vs Tonga

Crypto regulation comparison

Brunei

Brunei

Tonga

Tonga

Restricted
No Regulation

Brunei has no specific cryptocurrency legislation. The BDCB (formerly AMBD) stated in 2017 that crypto is not legal tender and not regulated, warning the public about risks. Crypto is not banned but has no legal protection. No tax guidelines address crypto specifically.

Tonga has no specific cryptocurrency regulation. There has been legislative interest in adopting Bitcoin as legal tender but no legislation has been enacted.

Tax Type None
Tax Type None
Tax Rate N/A
Tax Rate N/A
Exchanges No No
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Brunei Darussalam Central Bank (BDCB, formerly AMBD)
Regulator National Reserve Bank of Tonga
Stablecoin Rules No stablecoin regulation
Stablecoin Rules No stablecoin regulation
Key Points
  • BDCB stated in 2017 that crypto is not legal tender and not regulated
  • Crypto not recognized as legal tender
  • No specific cryptocurrency legislation
  • Financial institutions discouraged from dealing in crypto
  • No tax guidelines specifically address cryptocurrency
Key Points
  • No specific cryptocurrency legislation
  • Legislative interest in Bitcoin legal tender discussed
  • National Reserve Bank provides monetary oversight
  • Limited crypto infrastructure
  • No licensing framework for crypto services