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Belize vs Georgia

Crypto regulation comparison

← Back to map | Belize | Georgia
Belize

Belize

Georgia

Georgia

No Regulation
Legal

Belize has no specific cryptocurrency legislation. The central bank has not banned crypto. No capital gains tax exists in Belize.

Georgia is one of the most crypto-friendly countries globally. There is no capital gains tax for individuals on cryptocurrency, and the country has a significant crypto mining industry due to low electricity costs. The National Bank has taken a cautious but permissive approach, issuing guidance rather than strict regulation.

Tax Type No tax
Tax Type No tax
Tax Rate 0%
Tax Rate 0% (individuals)
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Central Bank of Belize
Regulator National Bank of Georgia (NBG)
Stablecoin Rules No stablecoin regulation
Stablecoin Rules No specific stablecoin regulation
Key Points
  • No specific cryptocurrency legislation
  • Central bank has not banned crypto
  • No capital gains tax in Belize
  • Limited crypto adoption and infrastructure
  • No licensing framework for crypto businesses
Key Points
  • No capital gains tax on crypto for individuals
  • Businesses dealing in crypto are taxed under standard corporate tax rules (15% CIT)
  • Georgia is a major crypto mining hub due to cheap hydroelectric power
  • NBG does not recognize crypto as legal tender but has not prohibited it
  • The Free Industrial Zone offers additional tax advantages for crypto businesses
Sources
Sources