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Dominican Republic vs Yemen

Crypto regulation comparison

← Back to map | Dominican Republic | Yemen
Dominican Republic

Dominican Republic

Yemen

Yemen

Restricted
Restricted

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.

Yemen has a restrictive environment for cryptocurrency due to ongoing conflict and fragmented governance. The Central Bank has warned against crypto use. International sanctions further restrict access.

Tax Type Unclear
Tax Type None
Tax Rate N/A
Tax Rate N/A
Exchanges No No
Exchanges No No
Mining Yes Yes
Mining No No
Regulator Banco Central de la República Dominicana (BCRD), SIMV
Regulator Central Bank of Yemen
Stablecoin Rules No stablecoin regulation
Stablecoin Rules No 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
  • Central Bank has warned against cryptocurrency use
  • Ongoing conflict limits regulatory development
  • International sanctions restrict access to crypto platforms
  • No specific cryptocurrency legislation
  • Very limited crypto infrastructure
Sources
Sources