Brunei vs Taiwan
Crypto regulation comparison
Brunei
Taiwan
Restricted
Legal
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.
Taiwan regulates cryptocurrency under FSC guidance. In 2023, the FSC was designated as the primary regulator for virtual assets. VASPs must register and comply with AML regulations. Taiwan has a vibrant crypto community and several compliant exchanges. Crypto income is subject to income tax at progressive rates.
Tax Type
None
Tax Type
Income
Tax Rate
N/A
Tax Rate
5-40%
Exchanges
No
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
Brunei Darussalam Central Bank (BDCB, formerly AMBD)
Regulator
FSC (Financial Supervisory Commission)
Stablecoin Rules
No stablecoin regulation
Stablecoin Rules
Under FSC guidance; stablecoins treated as virtual assets
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
- FSC designated as primary crypto regulator in 2023
- VASPs must comply with AML/CFT rules and register with the FSC
- Self-regulatory guidelines issued for VASP industry (2023-2024)
- Crypto income taxed at progressive rates (5-40%)
- Major exchanges include MaiCoin/MAX, BitoEX/BitoPro