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Belarus vs El Salvador

Crypto regulation comparison

← Back to map | Belarus | El Salvador
Belarus

Belarus

El Salvador

El Salvador

Legal
Legal

Belarus legalized cryptocurrency through Decree No. 8 (2017), creating a favorable environment in the Hi-Tech Park special economic zone. As of 2025, crypto transactions via HTP residents remain tax-exempt, while transactions on foreign platforms are taxed at 13%. A crypto bank framework was introduced in 2026.

El Salvador made history in September 2021 by becoming the first country to adopt Bitcoin as legal tender through the Bitcoin Law. However, under a January 2025 IMF agreement (Decreto 199), El Salvador amended the law to make Bitcoin acceptance by businesses voluntary rather than mandatory, and repealed several articles. There is no capital gains tax on Bitcoin. The CNAD regulates digital assets.

Tax Type Varies
Tax Type No tax
Tax Rate 0% (HTP) / 13% (foreign platforms)
Tax Rate 0%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Hi-Tech Park (HTP), National Bank of the Republic of Belarus
Regulator BCR (Banco Central de Reserva), CNAD (Comisión Nacional de Activos Digitales)
Stablecoin Rules No specific stablecoin regulation
Stablecoin Rules USD is the primary currency; Bitcoin-specific legislation in place
Key Points
  • Decree No. 8 'On the Development of the Digital Economy' legalized crypto in 2017
  • Income from crypto via HTP residents and mining remains tax-exempt; 13% tax on foreign platform transactions since 2025
  • Crypto exchanges and businesses must operate through Hi-Tech Park residency
  • Mining is legal and considered a business activity
  • HTP preferential regime extended until 2049; crypto bank framework introduced in 2026
Key Points
  • First country to adopt Bitcoin as legal tender in September 2021 via the Bitcoin Law
  • Government developed the Chivo wallet for citizens, offering $30 USD in BTC incentive
  • January 2025 Decreto 199 made merchant Bitcoin acceptance voluntary (IMF condition)
  • No capital gains tax on Bitcoin transactions for individuals
  • Government has been accumulating Bitcoin reserves and launched Bitcoin-backed bonds
Sources
Sources