BTC $67,115.00 (-0.89%)
ETH $1,975.88 (-1.11%)
XRP $1.42 (-3.89%)
BNB $610.96 (-0.90%)
SOL $82.25 (-3.25%)
TRX $0.28 (-0.43%)
DOGE $0.10 (-2.85%)
BCH $559.65 (-0.86%)
ADA $0.28 (-2.34%)
LEO $8.65 (-0.21%)
HYPE $28.70 (-2.34%)
LINK $8.69 (-1.96%)
CC $0.16 (-2.54%)
XMR $327.11 (-3.04%)
XLM $0.16 (-3.36%)
RAIN $0.01 (+1.12%)
ZEC $262.31 (-10.20%)
HBAR $0.10 (-2.89%)
LTC $53.32 (-1.64%)
AVAX $8.90 (-1.69%)

Cameroon vs Ukraine

Crypto regulation comparison

← Back to map | Cameroon | Ukraine
Cameroon

Cameroon

Ukraine

Ukraine

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.

Ukraine passed the 'On Virtual Assets' law in 2022, establishing a legal framework for crypto. The NSSMC is designated as the primary regulator for virtual assets. Crypto gained significance during the Russia-Ukraine war, with Ukraine receiving over $100 million in crypto donations. Tax rules specify 18% income tax plus 1.5% military levy on crypto gains. Full implementation of the regulatory framework has been delayed due to the ongoing conflict.

Tax Type None
Tax Type Capital gains
Tax Rate N/A
Tax Rate 18% + 1.5% military levy
Exchanges No No
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator BEAC (Bank of Central African States), COBAC
Regulator NSSMC (National Securities and Stock Market Commission), NBU
Stablecoin Rules Not applicable — COBAC bans financial institutions from crypto transactions
Stablecoin Rules Under development in virtual assets legislation
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
  • Virtual Assets law passed in 2022, establishing legal status for crypto
  • NSSMC designated as primary regulator for virtual assets; NBU handles stablecoins
  • 18% personal income tax + 1.5% military levy on crypto gains (19.5% total)
  • Over $100M in crypto donations received during Russia-Ukraine war
  • Full regulatory implementation delayed due to ongoing conflict
Sources
Sources