Ecuador vs Moldova
Crypto regulation comparison
Ecuador
Moldova
Partially Regulated
No Regulation
Ecuador has a complex relationship with cryptocurrency. A 2014 National Assembly resolution banned Bitcoin as legal tender, and the Central Bank prohibits financial institutions from dealing in crypto. However, private ownership and trading of crypto are not explicitly illegal, and peer-to-peer usage exists.
Moldova currently has no specific cryptocurrency legislation. The National Bank warns that virtual currencies are unregulated and user funds are not protected. Ownership and trading are legal but use as payment is prohibited. Moldova plans to introduce its first crypto law by 2026, aligned with EU MiCA regulation, including a 12% tax on crypto profits.
Tax Type
Unclear
Tax Type
Income
Tax Rate
N/A
Tax Rate
12% (planned)
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
Banco Central del Ecuador, Superintendencia de Bancos
Regulator
National Bank of Moldova
Stablecoin Rules
No specific stablecoin regulation
Stablecoin Rules
No stablecoin regulation
Key Points
- 2014 resolution prohibits crypto from being used as legal tender
- Central Bank bans financial institutions from facilitating crypto transactions
- Private ownership and P2P trading exist in a legal gray area
- Ecuador uses the US dollar as its official currency, limiting monetary policy tools
- No comprehensive crypto regulatory framework in place
Key Points
- Virtual currencies not regulated; user funds not protected per NBM warning
- Ownership and trading legal; use as payment prohibited
- First crypto law planned by 2026, aligned with EU MiCA regulation
- Planned 12% tax on crypto transaction profits
- Law being drafted jointly by Finance Ministry, NBM, and AML authority