Colombia vs Croatia
Crypto regulation comparison
Colombia
Croatia
Legal
Legal
Cryptocurrency is legal in Colombia but not recognized as legal tender or currency. The SFC has run regulatory sandbox programs for crypto-financial services, and exchanges operate under general business registration. Colombia has high crypto adoption, particularly for remittances and as an inflation hedge.
Cryptocurrency is legal in Croatia and regulated under the EU's MiCA framework since Croatia joined the eurozone in January 2023. Crypto capital gains are taxed at 10-12% depending on the holding period. HANFA oversees crypto service providers.
Tax Type
Capital gains
Tax Type
Capital gains
Tax Rate
0-39%
Tax Rate
12%
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
SFC (Superintendencia Financiera de Colombia), DIAN
Regulator
HANFA (Croatian Financial Services Supervisory Agency)
Stablecoin Rules
No specific stablecoin regulations yet
Stablecoin Rules
Regulated under EU MiCA framework
Key Points
- Crypto is legal but not recognized as currency or legal tender
- SFC operates regulatory sandboxes allowing banks to partner with crypto exchanges
- DIAN (tax authority) requires reporting and taxation of crypto gains as part of general income
- Colombia ranks among the top 20 countries globally in crypto adoption
- No comprehensive crypto-specific legislation yet; regulation evolving
Key Points
- Capital gains on crypto taxed at 12% flat rate
- Gains on crypto held over 2 years are tax-exempt
- HANFA regulates VASPs under Croatian and EU law
- MiCA framework fully applicable from 30 December 2024
- Croatia joined the eurozone in January 2023, aligning financial regulation with EU standards