Eritrea vs Nicaragua
Crypto regulation comparison
Eritrea
Nicaragua
Restricted
Legal
Eritrea has a highly restrictive financial environment. The government tightly controls the economy and financial system. No crypto activities are formally permitted.
Nicaragua regulates virtual assets under Law 1072 (2021) and BCN resolution CD-BCN-XXV-1-22 (2022). VASPs must be licensed by BCN. Crypto gains taxed at 15% capital gains rate.
Tax Type
None
Tax Type
Capital gains
Tax Rate
N/A
Tax Rate
15%
Exchanges
No
Exchanges
Yes
Mining
No
Mining
Yes
Regulator
Bank of Eritrea
Regulator
Banco Central de Nicaragua (BCN)
Stablecoin Rules
No stablecoin regulation
Stablecoin Rules
No 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
- Law 1072 (2021) defines virtual assets and regulates VASPs
- BCN is designated as the licensing and supervisory authority
- Banks are legally permitted to offer virtual asset services
- Capital gains taxed at 15% on crypto profits
- Government monitors virtual transactions exceeding ,000 since 2025