Congo (Democratic Republic) vs Somalia
Crypto regulation comparison
Congo (Democratic Republic)
Somalia
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.
Somalia has no specific cryptocurrency regulation. The fragmented governance structure makes unified regulation extremely difficult. Mobile money dominates the financial landscape.
Tax Type
None
Tax Type
None
Tax Rate
N/A
Tax Rate
N/A
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
Banque Centrale du Congo
Regulator
Central Bank of Somalia
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
- Fragmented governance limits regulatory development
- Mobile money dominates informal financial system
- Very limited formal financial infrastructure
- No licensing framework for crypto services