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Ethiopia vs Grenada

Crypto regulation comparison

← Back to map | Ethiopia | Grenada
Ethiopia

Ethiopia

Grenada

Grenada

Restricted
No Regulation

Ethiopia's Proclamation No. 1359/2024 explicitly prohibits cryptocurrency for payment transactions but allows the NBE to issue future guidelines on digital assets. Crypto mining is legal and actively growing, with Ethiopia emerging as a major Bitcoin mining destination leveraging hydroelectric power. A comprehensive regulatory framework is under development.

Grenada has no specific cryptocurrency legislation. No income or capital gains tax. ECCB provides regional monetary oversight.

Tax Type None
Tax Type No tax
Tax Rate N/A
Tax Rate 0%
Exchanges No No
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator National Bank of Ethiopia
Regulator Eastern Caribbean Central Bank (ECCB)
Stablecoin Rules No stablecoin regulation
Stablecoin Rules No specific stablecoin regulation
Key Points
  • Proclamation No. 1359/2024 prohibits cryptocurrency for payment transactions
  • NBE authorized to issue future directives on crypto assets and CBDCs
  • Crypto mining is legal and rapidly expanding, leveraging hydroelectric power
  • Ethiopia has become one of the fastest-growing Bitcoin mining destinations globally
  • Comprehensive digital asset regulatory framework under development
Key Points
  • No specific cryptocurrency legislation
  • No income or capital gains tax
  • ECCB provides regional monetary oversight
  • Limited crypto adoption
  • No licensing framework for crypto services
Sources
Sources