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Fiji vs Somalia

Crypto regulation comparison

← Back to map | Fiji | Somalia
Fiji

Fiji

Somalia

Somalia

Banned
No Regulation

All cryptocurrency and virtual asset services banned since August 2025; RBF has not licensed any VASP; penalties up to M fine or 14 years imprisonment

Somalia has no specific cryptocurrency regulation. The fragmented governance structure makes unified regulation extremely difficult. Mobile money dominates the financial landscape.

Tax Type Unclear
Tax Type None
Tax Rate N/A
Tax Rate N/A
Exchanges No No
Exchanges Yes Yes
Mining No No
Mining Yes Yes
Regulator Reserve Bank of Fiji
Regulator Central Bank of Somalia
Stablecoin Rules No stablecoin regulation
Stablecoin Rules No stablecoin regulation
Key Points
  • No specific cryptocurrency legislation
  • Reserve Bank warns about crypto risks
  • Crypto not recognized as legal tender
  • Limited crypto adoption
  • No licensing framework for crypto services
Key Points
  • No specific cryptocurrency legislation
  • Fragmented governance limits regulatory development
  • Mobile money dominates informal financial system
  • Very limited formal financial infrastructure
  • No licensing framework for crypto services
Sources
Sources