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Eritrea vs Marshall Islands

Crypto regulation comparison

← Back to map | Eritrea | Marshall Islands
Eritrea

Eritrea

Marshall Islands

Marshall Islands

Restricted
Legal

Eritrea has a highly restrictive financial environment. The government tightly controls the economy and financial system. No crypto activities are formally permitted.

The Marshall Islands passed the Sovereign Currency Act in 2018 to create the SOV, a blockchain-based national digital currency. No income or capital gains tax.

Tax Type None
Tax Type No tax
Tax Rate N/A
Tax Rate 0%
Exchanges No No
Exchanges Yes Yes
Mining No No
Mining Yes Yes
Regulator Bank of Eritrea
Regulator Banking Commission of the Marshall Islands
Stablecoin Rules No stablecoin regulation
Stablecoin Rules No specific stablecoin regulation
Key Points
  • Highly restrictive financial environment
  • Government tightly controls the economy
  • No specific cryptocurrency legislation
  • Very limited internet access
  • No formal crypto services or exchanges
Key Points
  • Sovereign Currency Act (2018) created SOV digital currency
  • No income or capital gains tax
  • Has been a popular jurisdiction for DAO registration
  • Banking Commission provides oversight
  • Limited domestic crypto adoption
Sources
Sources