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Colombia vs Pakistan

Crypto regulation comparison

← Back to map | Colombia | Pakistan
Colombia

Colombia

Pakistan

Pakistan

Legal
Restricted

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.

Pakistan has a hostile regulatory environment for cryptocurrency. The State Bank of Pakistan has prohibited financial institutions from facilitating crypto transactions, and the government has considered outright bans. Despite this, Pakistan has high informal crypto adoption, ranking among the top countries for P2P crypto volume. The SECP has explored blockchain regulation but no licensing framework exists for exchanges.

Tax Type Capital gains
Tax Type None
Tax Rate 0-39%
Tax Rate N/A
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining Yes Yes
Regulator SFC (Superintendencia Financiera de Colombia), DIAN
Regulator SBP (State Bank of Pakistan), SECP
Stablecoin Rules No specific stablecoin regulations yet
Stablecoin Rules No regulation; SBP has not authorized any crypto activities
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
  • SBP prohibits banks and financial institutions from processing crypto transactions
  • No licensing framework for crypto exchanges; operating informally is risky
  • High P2P crypto adoption despite regulatory hostility
  • Government has considered formal banning legislation multiple times
  • SECP has explored digital asset regulation but no framework enacted
Sources
Sources