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Congo (Democratic Republic) vs Micronesia

Crypto regulation comparison

← Back to map | Congo (Democratic Republic) | Micronesia
Congo (Democratic Republic)

Congo (Democratic Republic)

Micronesia

Micronesia

Banned
No Regulation

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.

Micronesia has no specific cryptocurrency regulation. Uses the US dollar as its official currency.

Tax Type None
Tax Type None
Tax Rate N/A
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Banque Centrale du Congo
Regulator Department of Finance and Administration
Stablecoin Rules No stablecoin regulation
Stablecoin Rules No stablecoin regulation
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
  • No specific cryptocurrency legislation
  • Uses the US dollar as official currency
  • Very limited financial infrastructure
  • Minimal crypto adoption
  • No licensing framework for crypto services
Sources
Sources