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Bhutan vs Lesotho

Crypto regulation comparison

← Back to map | Bhutan | Lesotho
Bhutan

Bhutan

Lesotho

Lesotho

Legal
No Regulation

Bhutan has quietly become a significant Bitcoin miner through its government investment arm, Druk Holding & Investments, leveraging hydroelectric power. No tax on crypto.

Lesotho has no specific cryptocurrency regulation. The central bank has not issued formal guidance on crypto.

Tax Type No tax
Tax Type None
Tax Rate 0%
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Royal Monetary Authority of Bhutan
Regulator Central Bank of Lesotho
Stablecoin Rules No specific stablecoin regulation
Stablecoin Rules No stablecoin regulation
Key Points
  • Government entity Druk Holding & Investments mines Bitcoin
  • Hydroelectric power used for mining operations
  • No income or capital gains tax in Bhutan
  • Royal Monetary Authority provides oversight
  • One of the few countries with state-level crypto mining operations
Key Points
  • No specific cryptocurrency legislation
  • Central bank has not issued formal crypto guidance
  • Part of the Common Monetary Area with South Africa
  • Limited crypto adoption
  • No licensing framework for crypto services
Sources
Sources