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Bhutan vs Kosovo

Crypto regulation comparison

Bhutan

Bhutan

Kosovo

Kosovo

Legal
Legal

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

Kosovo banned crypto mining in 2022 due to energy crisis but crypto trading remains legal. The Central Bank has warned about crypto risks.

Tax Type No tax
Tax Type Income
Tax Rate 0%
Tax Rate 0-10%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining No No
Regulator Royal Monetary Authority of Bhutan
Regulator Central Bank of Kosovo
Stablecoin Rules No specific stablecoin regulation
Stablecoin Rules No specific 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
  • Crypto mining banned in 2022 due to energy crisis
  • Crypto trading and holding remain legal
  • Central Bank has warned about crypto risks
  • Income from crypto subject to taxation
  • Growing crypto adoption despite mining ban