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Cyprus vs Algeria

Crypto regulation comparison

← Back to map | Cyprus | Algeria
Cyprus

Cyprus

Algeria

Algeria

Legal
Banned

Cyprus regulates crypto under the EU MiCA framework (fully applicable since December 2024). CySEC authorizes crypto-asset service providers (CASPs) while the Central Bank of Cyprus oversees e-money tokens and asset-referenced tokens. Crypto gains from occasional transactions are currently not taxed; active trading is taxed as income at 0-35%. A proposed 8% flat tax on crypto gains is pending parliamentary approval for 2026.

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 Varies
Tax Type None
Tax Rate 0-35% (proposed 8% flat rate from 2026)
Tax Rate N/A
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining No No
Regulator CySEC, Central Bank of Cyprus
Regulator Bank of Algeria
Stablecoin Rules Regulated under EU MiCA framework
Stablecoin Rules All crypto activities banned including stablecoins
Key Points
  • CySEC authorizes and supervises crypto-asset service providers under MiCA
  • No capital gains tax on crypto for occasional transactions; active trading taxed as income
  • EU MiCA regulation applies as an EU member state
  • AML/CFT requirements enforced for all crypto businesses
  • Proposed 8% flat tax on crypto gains pending parliamentary approval for 2026
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
Sources
Sources
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