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Belize vs Sri Lanka

Crypto regulation comparison

← Back to map | Belize | Sri Lanka
Belize

Belize

Sri Lanka

Sri Lanka

No Regulation
Restricted

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

Sri Lanka has no specific cryptocurrency legislation. The CBSL has issued multiple warnings (2018, 2021, 2022, 2023) about crypto risks and has not authorized any entity to operate crypto exchanges, mining, or advisory services. Use of debit/credit cards for crypto is prohibited under the Foreign Exchange Act. The SEC has been discussed as a potential future regulator.

Tax Type No tax
Tax Type Unclear
Tax Rate 0%
Tax Rate N/A
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining Yes Yes
Regulator Central Bank of Belize
Regulator Central Bank of Sri Lanka, Securities and Exchange Commission
Stablecoin Rules No stablecoin regulation
Stablecoin Rules No 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
  • CBSL has issued repeated warnings about crypto risks (2018, 2021, 2022, 2023)
  • No entity authorized to operate crypto exchanges, mining, or advisory services
  • Use of debit/credit cards for crypto prohibited under Foreign Exchange Act
  • CBSL requested criminal proceedings against crypto pyramid schemes
  • SEC discussed as potential future regulatory authority for digital assets
Sources
Sources