Cape Verde vs Algeria
Crypto regulation comparison
Cape Verde
Algeria
Legal
Banned
Cape Verde has no specific cryptocurrency regulation. The central bank has not issued formal guidance on crypto.
Algeria maintains one of the world's strictest cryptocurrency bans. Article 117 of the 2018 Finance Law prohibits the purchase, sale, use, and possession of virtual currencies. Law No. 25-10 (2025) further codified criminal penalties including imprisonment and fines for crypto-related activities.
Tax Type
None
Tax Type
None
Tax Rate
N/A
Tax Rate
N/A
Exchanges
Yes
Exchanges
No
Mining
Yes
Mining
No
Regulator
Banco de Cabo Verde (BCV)
Regulator
Bank of Algeria
Stablecoin Rules
No stablecoin regulation
Stablecoin Rules
All crypto activities banned including stablecoins
Key Points
- No specific cryptocurrency legislation
- Central bank has not issued formal crypto guidance
- Crypto not recognized as legal tender
- Limited crypto adoption
- No licensing framework for crypto services
Key Points
- 2018 Finance Law (Article 117) prohibits purchase, sale, use, and holding of virtual currency
- No licensed crypto exchanges operate in Algeria
- Bank of Algeria has issued multiple warnings against cryptocurrency
- Law No. 25-10 (2025) codifies prison sentences and fines for crypto offenses
- Despite the ban, peer-to-peer crypto usage persists informally