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Finland vs Malawi

Crypto regulation comparison

Finland

Finland

Malawi

Malawi

Legal
No Regulation

Cryptocurrency is legal in Finland and well-regulated by the FIN-FSA. Crypto gains are taxed as capital income at 30% (34% for gains exceeding €30,000). Finland is one of few EU countries that has actively enforced tax compliance on crypto through data requests to exchanges.

Malawi has no specific cryptocurrency regulation. The Reserve Bank of Malawi has issued warnings about crypto risks but has not banned it.

Tax Type Capital gains
Tax Type None
Tax Rate 30-34%
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Finanssivalvonta (FIN-FSA)
Regulator Reserve Bank of Malawi
Stablecoin Rules Regulated under EU MiCA framework
Stablecoin Rules No stablecoin regulation
Key Points
  • Crypto capital gains taxed at 30% (34% for gains over €30,000 per year)
  • FIN-FSA registers and supervises virtual currency providers under AML law
  • Finnish Tax Administration actively sends letters to crypto holders based on exchange data
  • Losses on crypto can be deducted from capital gains
  • MiCA framework applicable from December 2024
Key Points
  • No specific cryptocurrency legislation
  • Reserve Bank of Malawi warns about crypto risks
  • Crypto not recognized as legal tender
  • Limited crypto infrastructure and adoption
  • No licensing framework for crypto services