BTC $66,969.00 (+0.85%)
ETH $1,939.78 (-0.77%)
XRP $1.41 (-2.29%)
BNB $605.84 (-0.81%)
SOL $81.80 (+0.59%)
TRX $0.28 (+1.47%)
DOGE $0.10 (-1.01%)
BCH $562.06 (+0.72%)
ADA $0.27 (-1.05%)
LEO $8.68 (+1.84%)
HYPE $28.81 (+0.47%)
XMR $330.67 (-0.57%)
LINK $8.52 (-1.26%)
CC $0.16 (-6.46%)
XLM $0.16 (-1.63%)
RAIN $0.01 (+1.24%)
ZEC $261.91 (-4.67%)
HBAR $0.10 (-1.37%)
LTC $52.74 (-1.35%)
AVAX $8.89 (-0.39%)

Brazil vs Pakistan

Crypto regulation comparison

← Back to map | Brazil | Pakistan
Brazil

Brazil

Pakistan

Pakistan

Legal
Restricted

Brazil passed comprehensive crypto legislation (Law 14,478) in December 2022, which took effect in June 2023. The Banco Central do Brasil was designated as the primary regulator for crypto assets used as payment, while the CVM oversees crypto securities. Capital gains on crypto are taxed at 15-22.5%.

Pakistan has a hostile regulatory environment for cryptocurrency. The State Bank of Pakistan has prohibited financial institutions from facilitating crypto transactions, and the government has considered outright bans. Despite this, Pakistan has high informal crypto adoption, ranking among the top countries for P2P crypto volume. The SECP has explored blockchain regulation but no licensing framework exists for exchanges.

Tax Type Capital gains
Tax Type None
Tax Rate 15-22.5%
Tax Rate N/A
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining Yes Yes
Regulator Banco Central do Brasil, CVM, Receita Federal
Regulator SBP (State Bank of Pakistan), SECP
Stablecoin Rules Central Bank developing stablecoin-specific rules as part of the crypto regulatory framework
Stablecoin Rules No regulation; SBP has not authorized any crypto activities
Key Points
  • Law 14,478/2022 (Marco Legal das Criptomoedas) provides a comprehensive legal framework
  • Banco Central regulates VASPs; exchanges must obtain authorization to operate
  • Capital gains taxed at 15% (up to R$5M), 17.5% (R$5-10M), 20% (R$10-30M), 22.5% (above R$30M)
  • Monthly gains under R$35,000 from sales on domestic exchanges are exempt
  • Receita Federal requires detailed monthly reporting of crypto transactions via IN1888
Key Points
  • SBP prohibits banks and financial institutions from processing crypto transactions
  • No licensing framework for crypto exchanges; operating informally is risky
  • High P2P crypto adoption despite regulatory hostility
  • Government has considered formal banning legislation multiple times
  • SECP has explored digital asset regulation but no framework enacted
Sources
Sources