Vavada Banner
BTC $67,603.00 (-0.81%)
ETH $2,033.04 (-1.44%)
XRP $1.41 (-2.12%)
BNB $626.75 (-0.12%)
SOL $87.17 (-0.57%)
TRX $0.28 (-0.67%)
DOGE $0.10 (-1.51%)
ADA $0.29 (-1.17%)
BCH $480.09 (-4.39%)
LEO $8.79 (-0.27%)
HYPE $29.11 (+2.31%)
CC $0.17 (-0.27%)
LINK $9.17 (-1.07%)
XMR $350.07 (+0.66%)
XLM $0.17 (+1.57%)
HBAR $0.10 (+2.61%)
RAIN $0.01 (-1.99%)
LTC $55.87 (-1.05%)
AVAX $9.39 (+0.20%)
ZEC $238.95 (-4.59%)

Bolivia vs Montenegro

Crypto regulation comparison

← Back to map | Bolivia | Montenegro
Bolivia

Bolivia

Montenegro

Montenegro

Legal
Legal

Bolivia reversed its 2014 cryptocurrency ban in June 2024, when the Central Bank issued a resolution allowing the use of cryptocurrencies and digital assets through authorized financial channels. The move was driven by the need for alternative payment mechanisms amid dollar shortages.

Montenegro has no specific crypto law but crypto is not prohibited. Working toward EU candidacy and potential MiCA alignment. Capital gains taxed under general provisions.

Tax Type Unclear
Tax Type Capital gains
Tax Rate N/A
Tax Rate 9-15%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator BCB (Banco Central de Bolivia), ASFI
Regulator Central Bank of Montenegro, Capital Market Authority
Stablecoin Rules No specific stablecoin regulation
Stablecoin Rules No specific stablecoin regulation
Key Points
  • Bolivia banned crypto in 2014 via BCB Resolution 044/2014
  • Ban was lifted in June 2024 via new BCB resolution permitting crypto transactions
  • Reversal motivated by acute US dollar shortages in the country
  • Regulatory framework for VASPs is still being developed
  • Tax treatment of crypto remains largely unclear under Bolivian tax law
Key Points
  • No specific cryptocurrency legislation but crypto is legal
  • Working toward EU candidacy and MiCA alignment
  • Capital gains on crypto taxed at 9-15%
  • Central Bank has acknowledged crypto without banning it
  • Growing interest in crypto-friendly policies
Sources
Sources