Congo (Republic) vs Cuba
Crypto regulation comparison
Congo (Republic)
Cuba
No Regulation
Legal
The Republic of Congo has no specific cryptocurrency regulation. As a CEMAC member, it falls under BEAC oversight. BEAC has cautioned about crypto risks.
Cuba's Central Bank issued Resolution 215/2021 recognizing virtual assets and establishing a licensing framework for virtual asset service providers (VASPs). The BCC evaluates and grants one-year licenses to VASPs. US sanctions limit access to international platforms but domestic crypto use is formally regulated.
Tax Type
None
Tax Type
Unclear
Tax Rate
N/A
Tax Rate
N/A
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
No
Regulator
BEAC (Bank of Central African States)
Regulator
Banco Central de Cuba (BCC)
Stablecoin Rules
No stablecoin regulation
Stablecoin Rules
No stablecoin regulation
Key Points
- No specific national cryptocurrency legislation
- BEAC provides regional monetary oversight
- Part of the CEMAC monetary zone with the CFA franc
- Limited crypto adoption and infrastructure
- Neighboring CAR briefly adopted Bitcoin as legal tender
Key Points
- Resolution 215 (2021) allows central bank to license virtual asset service providers
- Central Bank licenses virtual asset service providers under Resolution 215
- VASPs must comply with AML/KYC requirements and report to the central bank
- US sanctions significantly limit access to international crypto platforms
- Government agencies may not use virtual assets without BCC authorization