Belize vs Guatemala
Crypto regulation comparison
Belize
Guatemala
No Regulation
No Regulation
Belize has no specific cryptocurrency legislation. The central bank has not banned crypto. No capital gains tax exists in Belize.
Guatemala has no specific cryptocurrency regulation. The Banco de Guatemala has stated that crypto is not legal tender and not backed by the central bank, but has not banned its use. Crypto usage exists primarily for remittances from the US-based diaspora.
Tax Type
No tax
Tax Type
Unclear
Tax Rate
0%
Tax Rate
N/A
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
Central Bank of Belize
Regulator
Banguat (Banco de Guatemala), SIB
Stablecoin Rules
No stablecoin regulation
Stablecoin Rules
No stablecoin-specific 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 specific cryptocurrency legislation exists
- Banguat has warned that crypto is not legal tender and not government-backed
- Crypto is neither explicitly legal nor illegal for private use
- Remittance use case is significant given large diaspora in the US
- Tax treatment of crypto gains is unclear