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Costa Rica vs Tonga

Crypto regulation comparison

← Back to map | Costa Rica | Tonga
Costa Rica

Costa Rica

Tonga

Tonga

No Regulation
No Regulation

Costa Rica has no specific cryptocurrency legislation. The Central Bank has stated crypto is not legal tender and not backed by the government, but has not prohibited its use. Some businesses accept Bitcoin, and there is a growing crypto community, particularly in tech-focused areas.

Tonga has no specific cryptocurrency regulation. There has been legislative interest in adopting Bitcoin as legal tender but no legislation has been enacted.

Tax Type Unclear
Tax Type None
Tax Rate N/A
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator BCCR (Banco Central de Costa Rica), SUGEF
Regulator National Reserve Bank of Tonga
Stablecoin Rules No stablecoin-specific regulation
Stablecoin Rules No stablecoin regulation
Key Points
  • No specific cryptocurrency legislation exists
  • BCCR does not recognize crypto as legal tender but has not banned it
  • Crypto businesses operate in a legal gray area without formal licensing
  • A Bitcoin and crypto community has emerged, especially around tech hubs
  • Tax obligations on crypto gains are unclear due to lack of specific guidance
Key Points
  • No specific cryptocurrency legislation
  • Legislative interest in Bitcoin legal tender discussed
  • National Reserve Bank provides monetary oversight
  • Limited crypto infrastructure
  • No licensing framework for crypto services
Sources
Sources