Congo (Democratic Republic) vs Seychelles
Crypto regulation comparison
Congo (Democratic Republic)
Seychelles
Banned
Legal
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.
The VASP Act 2024 effective Sept 2024 establishes FSA as regulator for virtual asset service providers. Exchanges require licensing. Mining and mixer/tumbler services are prohibited in Seychelles.
Tax Type
None
Tax Type
No tax
Tax Rate
N/A
Tax Rate
0%
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
No
Regulator
Banque Centrale du Congo
Regulator
Financial Services Authority (FSA)
Stablecoin Rules
No stablecoin regulation
Stablecoin Rules
Regulated under VASP Act 2024
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
- VASP Act 2024 enacted Aug 30, effective Sept 1, 2024
- FSA licenses and supervises all virtual asset service providers
- Mining facilities and mixer/tumbler services prohibited
- VASPs must maintain local office and resident director
- Licensed IBC VASPs taxed at 1.5% on assessable income