BTC $67,240.00 (-1.60%)
ETH $1,935.31 (-2.66%)
XRP $1.39 (-3.56%)
BNB $610.24 (-2.62%)
SOL $83.09 (-3.57%)
TRX $0.29 (+1.00%)
DOGE $0.10 (-4.15%)
BCH $573.03 (+1.49%)
ADA $0.27 (-3.50%)
LEO $8.17 (-1.75%)
HYPE $28.95 (-2.94%)
LINK $8.65 (-3.05%)
CC $0.16 (-1.00%)
XMR $321.18 (-1.91%)
XLM $0.15 (-4.72%)
RAIN $0.01 (+1.28%)
HBAR $0.10 (-2.92%)
LTC $53.34 (-3.64%)
ZEC $243.16 (-6.06%)
AVAX $8.82 (-4.55%)

Ecuador vs Vanuatu

Crypto regulation comparison

← Back to map | Ecuador | Vanuatu
Ecuador

Ecuador

Vanuatu

Vanuatu

Partially Regulated
Legal

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.

Vanuatu has become a popular jurisdiction for crypto businesses due to its tax-free environment. The VFSC has developed a regulatory framework for digital assets.

Tax Type Unclear
Tax Type No tax
Tax Rate N/A
Tax Rate 0%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Banco Central del Ecuador, Superintendencia de Bancos
Regulator Vanuatu Financial Services Commission (VFSC)
Stablecoin Rules No specific stablecoin regulation
Stablecoin Rules No specific 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
  • VFSC regulates digital asset businesses
  • No income, corporate, or capital gains tax
  • Popular jurisdiction for crypto business registration
  • Citizenship by investment program exists
  • Developing digital asset regulatory framework
Sources
Sources