Congo (Democratic Republic) vs China
Crypto regulation comparison
Congo (Democratic Republic)
China
Banned
Banned
The BCC has explicitly banned cryptocurrencies in the DRC. Bitcoin and all virtual currencies are neither regulated nor authorized. The BCC has warned against pyramid schemes using crypto.
China has imposed a comprehensive ban on cryptocurrency activities. In September 2021, the PBOC and ten other agencies jointly declared all cryptocurrency transactions illegal, and the State Council banned crypto mining. China is instead promoting the digital yuan (e-CNY) CBDC.
Tax Type
None
Tax Type
Unclear
Tax Rate
N/A
Tax Rate
N/A
Exchanges
Yes
Exchanges
No
Mining
Yes
Mining
No
Regulator
Banque Centrale du Congo
Regulator
PBOC (People's Bank of China), CBIRC, CSRC
Stablecoin Rules
No stablecoin regulation
Stablecoin Rules
Not applicable; all crypto activities are banned
Key Points
- BCC explicitly prohibits all cryptocurrency activity
- Virtual currencies are neither regulated nor authorized to operate
- BCC warns of high risks of cybercrime and money laundering
- Unauthorized crypto investment schemes have been shut down
- No licensing framework exists for crypto service providers
Key Points
- All crypto transactions declared illegal by PBOC and 10 agencies in September 2021
- Crypto mining banned by the State Council in 2021 after a series of provincial crackdowns
- Financial institutions and payment companies prohibited from facilitating crypto services
- China actively developing and piloting the digital yuan (e-CNY) CBDC
- Despite the ban, some Chinese citizens reportedly access crypto via VPNs and OTC desks