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Ivory Coast vs Turkey

Crypto regulation comparison

← Back to map | Ivory Coast | Turkey
Ivory Coast

Ivory Coast

Turkey

Turkey

No Regulation
Legal

Ivory Coast has no specific cryptocurrency legislation. As a WAEMU member under BCEAO oversight, it follows regional monetary policy. Growing fintech interest is driving discussions around crypto regulation.

Turkey has one of the highest crypto adoption rates globally, driven by lira depreciation and high inflation. While crypto ownership is legal, the CBRT banned crypto payments in April 2021. In 2024, Turkey passed comprehensive crypto legislation under the Capital Markets Law amendment, giving the CMB authority to license and regulate crypto asset service providers. No crypto-specific tax exists yet, though legislation is under consideration. MASAK (Financial Crimes Investigation Board) oversees AML compliance.

Tax Type None
Tax Type None
Tax Rate N/A
Tax Rate 0% (legislation pending)
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator BCEAO (Central Bank of West African States)
Regulator CMB (Capital Markets Board), CBRT (Central Bank), MASAK
Stablecoin Rules No stablecoin regulation
Stablecoin Rules Under development; CBRT banned crypto for payments
Key Points
  • No specific national cryptocurrency legislation
  • BCEAO provides regional monetary and regulatory oversight
  • Part of the WAEMU monetary zone using the CFA franc
  • Growing fintech sector driving interest in crypto
  • No formal licensing framework for crypto businesses
Key Points
  • 2024 Capital Markets Law amendment gives CMB authority to license crypto platforms
  • CBRT banned the use of crypto assets for payments in April 2021
  • No crypto-specific tax currently; capital gains tax legislation under discussion
  • MASAK enforces AML/KYC requirements on crypto platforms
  • Turkey ranks among top 5 globally for crypto adoption (driven by lira depreciation)
Sources
Sources