Czech Republic vs Jamaica
Crypto regulation comparison
Czech Republic
Jamaica
Legal
No Regulation
Cryptocurrency is legal in the Czech Republic with a growing regulatory framework aligned with EU standards. Crypto gains are subject to personal income tax at 15% (or 23% for high earners). A 2024 amendment introduced a tax exemption for crypto held over 3 years, effective from 2025.
Jamaica has no specific cryptocurrency legislation. The Bank of Jamaica does not regulate or endorse crypto but has not banned it. Jamaica launched its own CBDC, JAM-DEX, in 2022 through the National Commercial Bank. Crypto exists in a legal gray area with no dedicated framework.
Tax Type
Capital gains
Tax Type
Unclear
Tax Rate
15-23%
Tax Rate
N/A
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
CNB (Czech National Bank), FAU (Financial Analytical Office)
Regulator
BOJ (Bank of Jamaica), FSC
Stablecoin Rules
Regulated under EU MiCA framework
Stablecoin Rules
BOJ launched JAM-DEX CBDC; no private stablecoin regulation
Key Points
- Crypto gains taxed at 15% income tax (23% for income above CZK 1,935,552)
- New exemption from 2025: crypto held over 3 years or gains under CZK 100,000 per year exempt
- VASPs must register with the FAU (trade licensing office) and comply with AML law
- MiCA framework applicable from December 2024
- Prague is a notable European hub for crypto businesses and blockchain development
Key Points
- No specific cryptocurrency legislation or regulatory framework
- BOJ does not recognize crypto as legal tender but has not banned it
- Jamaica launched the JAM-DEX CBDC in 2022
- FSC Jamaica has not issued specific guidance on crypto asset regulation
- Tax treatment of crypto gains is unclear due to lack of specific guidance