BTC $66,097.00 (-1.82%)
ETH $1,916.29 (-3.56%)
XRP $1.40 (-4.68%)
BNB $599.31 (-2.40%)
SOL $80.55 (-2.59%)
TRX $0.28 (-0.11%)
DOGE $0.10 (-3.20%)
BCH $547.65 (-1.65%)
ADA $0.27 (-3.93%)
LEO $8.69 (+2.38%)
HYPE $28.23 (-2.61%)
CC $0.16 (-4.21%)
XMR $328.98 (-3.03%)
LINK $8.43 (-3.96%)
XLM $0.16 (-4.45%)
RAIN $0.01 (-2.79%)
ZEC $259.09 (-8.38%)
HBAR $0.10 (-3.82%)
LTC $51.83 (-4.19%)
AVAX $8.78 (-3.07%)

Cyprus vs Zimbabwe

Crypto regulation comparison

← Back to map | Cyprus | Zimbabwe
Cyprus

Cyprus

Zimbabwe

Zimbabwe

Legal
Restricted

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.

Zimbabwe has restricted cryptocurrency through its central bank. The RBZ banned financial institutions from processing crypto transactions in 2018. However, in a unique move, the RBZ issued gold-backed digital tokens (ZiG tokens) in 2023 as a store of value. Zimbabwe has a history of currency instability (hyperinflation, currency collapses) which drives informal crypto adoption for hedging and remittances.

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 Yes Yes
Regulator CySEC, Central Bank of Cyprus
Regulator RBZ (Reserve Bank of Zimbabwe)
Stablecoin Rules Regulated under EU MiCA framework
Stablecoin Rules No private stablecoin regulation; RBZ introduced gold-backed ZiG digital token as state currency
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
  • RBZ banned banks and financial institutions from servicing crypto in 2018
  • RBZ issued gold-backed digital tokens (ZiG) in 2023 as a CBDC-like instrument
  • No licensing framework for crypto exchanges
  • Informal crypto adoption driven by currency instability and remittance needs
  • Crypto ownership itself is not explicitly criminalized for individuals
Sources
Sources