BTC $67,081.00 (-1.52%)
ETH $1,977.85 (-1.98%)
XRP $1.43 (-3.91%)
BNB $609.03 (-1.88%)
SOL $82.24 (-3.66%)
TRX $0.28 (-0.63%)
DOGE $0.10 (-3.10%)
BCH $561.05 (-1.01%)
ADA $0.28 (-2.94%)
LEO $8.66 (+1.61%)
HYPE $29.14 (-1.56%)
LINK $8.68 (-2.67%)
CC $0.16 (-2.51%)
XMR $326.10 (-4.78%)
XLM $0.16 (-4.30%)
RAIN $0.01 (-0.01%)
ZEC $262.15 (-9.89%)
HBAR $0.10 (-3.10%)
LTC $53.28 (-2.06%)
AVAX $8.89 (-2.65%)

Cameroon vs New Zealand

Crypto regulation comparison

← Back to map | Cameroon | New Zealand
Cameroon

Cameroon

New Zealand

New Zealand

Restricted
Legal

Cameroon has no specific national cryptocurrency legislation. As a CEMAC member, COBAC issued a 2022 directive banning financial institutions from facilitating crypto transactions. BEAC opposes crypto regulation and does not recognize cryptocurrencies. Individual ownership is not explicitly banned but access via formal banking is restricted.

Cryptocurrency is legal in New Zealand and treated as a form of property for tax purposes. The IRD taxes crypto depending on the purpose of acquisition — if bought with the intention to sell, gains are taxable income. New Zealand does not have a formal capital gains tax, but crypto profits are often taxable under income tax rules. Exchanges are not specifically licensed but must comply with AML/CFT requirements.

Tax Type None
Tax Type Income
Tax Rate N/A
Tax Rate 10.5-39%
Exchanges No No
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator BEAC (Bank of Central African States), COBAC
Regulator FMA (Financial Markets Authority), IRD (Inland Revenue)
Stablecoin Rules Not applicable — COBAC bans financial institutions from crypto transactions
Stablecoin Rules No specific stablecoin regulation
Key Points
  • No specific national cryptocurrency legislation
  • COBAC 2022 directive bans banks and payment providers from facilitating crypto transactions
  • BEAC firmly opposes cryptocurrency regulation in the CEMAC region
  • Part of the CEMAC monetary zone with the CFA franc
  • Nearly 900,000 crypto users in Cameroon despite restrictive banking environment
Key Points
  • Crypto treated as property; gains taxable if acquired with intent to dispose
  • No formal capital gains tax, but income tax applies to crypto trading profits
  • Tax rates from 10.5% to 39% depending on income bracket
  • Crypto salary payments are treated as taxable income
  • Exchanges must comply with AML/CFT Act and register as reporting entities with DIA
Sources
Sources