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Cyprus vs Taiwan

Crypto regulation comparison

Cyprus

Cyprus

Taiwan

Taiwan

Legal
Legal

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.

Taiwan regulates cryptocurrency under FSC guidance. In 2023, the FSC was designated as the primary regulator for virtual assets. VASPs must register and comply with AML regulations. Taiwan has a vibrant crypto community and several compliant exchanges. Crypto income is subject to income tax at progressive rates.

Tax Type Varies
Tax Type Income
Tax Rate 0-35% (proposed 8% flat rate from 2026)
Tax Rate 5-40%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator CySEC, Central Bank of Cyprus
Regulator FSC (Financial Supervisory Commission)
Stablecoin Rules Regulated under EU MiCA framework
Stablecoin Rules Under FSC guidance; stablecoins treated as virtual assets
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
  • FSC designated as primary crypto regulator in 2023
  • VASPs must comply with AML/CFT rules and register with the FSC
  • Self-regulatory guidelines issued for VASP industry (2023-2024)
  • Crypto income taxed at progressive rates (5-40%)
  • Major exchanges include MaiCoin/MAX, BitoEX/BitoPro