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Algeria vs South Africa

Crypto regulation comparison

← Back to map | Algeria | South Africa
Algeria

Algeria

South Africa

South Africa

Banned
Legal

Algeria maintains one of the world's strictest cryptocurrency bans. Article 117 of the 2018 Finance Law prohibits the purchase, sale, use, and possession of virtual currencies. Law No. 25-10 (2025) further codified criminal penalties including imprisonment and fines for crypto-related activities.

South Africa has embraced crypto regulation. In 2022, the FSCA declared crypto assets as financial products under the Financial Advisory and Intermediary Services (FAIS) Act, requiring crypto service providers to obtain FSCA licenses. SARS taxes crypto gains under capital gains tax (up to 18% effective rate for individuals) or income tax depending on trading frequency. South Africa is the largest crypto market in Africa.

Tax Type None
Tax Type Capital gains
Tax Rate N/A
Tax Rate 18% (effective max ~18%)
Exchanges No No
Exchanges Yes Yes
Mining No No
Mining No No
Regulator Bank of Algeria
Regulator FSCA (Financial Sector Conduct Authority), SARB (South African Reserve Bank)
Stablecoin Rules All crypto activities banned including stablecoins
Stablecoin Rules Crypto assets declared financial products under FAIS; stablecoins included
Key Points
  • 2018 Finance Law (Article 117) prohibits purchase, sale, use, and holding of virtual currency
  • No licensed crypto exchanges operate in Algeria
  • Bank of Algeria has issued multiple warnings against cryptocurrency
  • Law No. 25-10 (2025) codifies prison sentences and fines for crypto offenses
  • Despite the ban, peer-to-peer crypto usage persists informally
Key Points
  • Crypto declared a financial product under FAIS Act (2022); service providers must be FSCA-licensed
  • FSCA began licensing crypto asset service providers (CASPs) in 2023
  • Capital gains taxed at effective rate up to 18% (45% max marginal rate × 40% inclusion)
  • Frequent trading may be classified as income and taxed at marginal rates (up to 45%)
  • SARB regulates cross-border crypto transactions under exchange control regulations
Sources
Sources