Chile vs Mauritania
Crypto regulation comparison
Chile
Mauritania
Legal
Restricted
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.
Mauritania has a restrictive stance on cryptocurrency. Islamic finance principles influence the financial regulatory approach. The central bank has warned against crypto use.
Tax Type
Capital gains
Tax Type
None
Tax Rate
0-40%
Tax Rate
N/A
Exchanges
Yes
Exchanges
No
Mining
Yes
Mining
No
Regulator
CMF (Comisión para el Mercado Financiero)
Regulator
Banque Centrale de Mauritanie
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
- Central bank has warned against cryptocurrency use
- Islamic finance principles influence regulatory approach
- No specific cryptocurrency legislation
- Limited crypto infrastructure
- Financial institutions discouraged from dealing in crypto