BTC $63,643.00 (-1.94%)
ETH $1,830.99 (-1.54%)
XRP $1.34 (-0.39%)
BNB $595.08 (+1.15%)
SOL $77.14 (-0.90%)
TRX $0.28 (-1.83%)
DOGE $0.09 (-0.85%)
BCH $484.90 (-10.66%)
ADA $0.26 (-0.88%)
LEO $7.83 (-3.44%)
HYPE $26.01 (-5.00%)
CC $0.16 (+1.30%)
LINK $8.21 (-0.56%)
XMR $307.19 (-1.52%)
XLM $0.15 (-0.55%)
RAIN $0.01 (-0.77%)
HBAR $0.09 (-1.04%)
LTC $51.11 (-0.53%)
ZEC $234.74 (-0.13%)
AVAX $8.33 (-1.06%)

Dominican Republic vs New Zealand

Crypto regulation comparison

← Back to map | Dominican Republic | New Zealand
Dominican Republic

Dominican Republic

New Zealand

New Zealand

Restricted
Legal

The Dominican Republic has no specific cryptocurrency legislation. The central bank (BCRD) issued statements in 2017 and 2021 warning that crypto is not legal tender and prohibiting regulated financial institutions from dealing in digital assets under Monetary Law No. 183-02. Individual use is not criminalized but operates in a restricted gray area.

Cryptocurrency is legal in New Zealand and treated as a form of property for tax purposes. The IRD taxes crypto depending on the purpose of acquisition — if bought with the intention to sell, gains are taxable income. New Zealand does not have a formal capital gains tax, but crypto profits are often taxable under income tax rules. Exchanges are not specifically licensed but must comply with AML/CFT requirements.

Tax Type Unclear
Tax Type Income
Tax Rate N/A
Tax Rate 10.5-39%
Exchanges No No
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Banco Central de la República Dominicana (BCRD), SIMV
Regulator FMA (Financial Markets Authority), IRD (Inland Revenue)
Stablecoin Rules No stablecoin regulation
Stablecoin Rules No specific stablecoin regulation
Key Points
  • No specific cryptocurrency legislation exists
  • BCRD prohibits regulated financial institutions from dealing in crypto
  • Crypto is not recognized as legal tender
  • No licensing framework for crypto exchanges
  • Crypto gains treated as taxable income when converted to Dominican pesos
Key Points
  • Crypto treated as property; gains taxable if acquired with intent to dispose
  • No formal capital gains tax, but income tax applies to crypto trading profits
  • Tax rates from 10.5% to 39% depending on income bracket
  • Crypto salary payments are treated as taxable income
  • Exchanges must comply with AML/CFT Act and register as reporting entities with DIA
Sources
Sources