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Congo (Democratic Republic) vs Libya

Crypto regulation comparison

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

Congo (Democratic Republic)

Libya

Libya

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.

Libya has a restrictive stance on cryptocurrency. The Central Bank of Libya has warned against crypto use. Political instability and a divided government complicate any regulatory development.

Tax Type None
Tax Type None
Tax Rate N/A
Tax Rate N/A
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining No No
Regulator Banque Centrale du Congo
Regulator Central Bank of Libya
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
  • Central Bank of Libya has warned against cryptocurrency use
  • No specific cryptocurrency legislation
  • Political instability limits regulatory development
  • Crypto used informally despite restrictions
  • No licensed crypto exchanges operate
Sources
Sources