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Chile vs Cape Verde

Crypto regulation comparison

← Back to map | Chile | Cape Verde
Chile

Chile

Cape Verde

Cape Verde

Legal
Legal

Chile passed a Fintech Law (Ley 21,521) in January 2023, establishing a regulatory framework for crypto service providers. The CMF is developing implementing regulations for virtual asset platforms. Crypto gains are taxed under general income tax rules.

Cape Verde has no specific cryptocurrency regulation. The central bank has not issued formal guidance on crypto.

Tax Type Capital gains
Tax Type None
Tax Rate 0-40%
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator CMF (Comisión para el Mercado Financiero)
Regulator Banco de Cabo Verde (BCV)
Stablecoin Rules To be addressed under the Fintech Law implementing regulations
Stablecoin Rules No stablecoin regulation
Key Points
  • Fintech Law (Ley 21,521) passed in January 2023 covers crypto service providers
  • CMF designated as regulator for crypto platforms under the new law
  • Crypto exchanges must register and comply with AML/KYC requirements
  • Capital gains on crypto taxed under general income tax at progressive rates up to 40%
  • Chile has an active crypto market with exchanges like Buda.com operating since 2015
Key Points
  • No specific cryptocurrency legislation
  • Central bank has not issued formal crypto guidance
  • Crypto not recognized as legal tender
  • Limited crypto adoption
  • No licensing framework for crypto services
Sources
Sources