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Colombia vs Kazakhstan

Crypto regulation comparison

← Back to map | Colombia | Kazakhstan
Colombia

Colombia

Kazakhstan

Kazakhstan

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.

Kazakhstan has a dual approach to crypto regulation. The Astana International Financial Centre (AIFC) operates as a regulated sandbox where licensed crypto exchanges can operate under AFSA supervision. Outside the AIFC, crypto regulation is more restrictive. Kazakhstan became a major mining hub after China's ban but has since tightened mining regulations.

Tax Type Capital gains
Tax Type Capital gains
Tax Rate 0-39%
Tax Rate 10%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator SFC (Superintendencia Financiera de Colombia), DIAN
Regulator AFSA (Astana Financial Services Authority), NBK (National Bank of Kazakhstan)
Stablecoin Rules No specific stablecoin regulations yet
Stablecoin Rules AIFC (Astana International Financial Centre) has its own framework for digital assets including stablecoins
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
  • AIFC provides a regulatory sandbox for licensed crypto exchanges and businesses
  • Mining is legal and licensed, with a specific tax on electricity consumption for miners
  • Kazakhstan became the world's second-largest Bitcoin mining country after China's 2021 ban
  • 2022 mining crackdown introduced stricter licensing and energy consumption taxes
  • Outside AIFC, domestic crypto payments and exchanges face greater restrictions
Sources
Sources