Micronesia vs North Korea
Crypto regulation comparison
Micronesia
North Korea
No Regulation
Banned
Micronesia has no specific cryptocurrency regulation. Uses the US dollar as its official currency.
North Korea does not allow civilian cryptocurrency use. The regime has been accused by the UN and US of using state-sponsored hacking to steal cryptocurrency to fund weapons programs.
Tax Type
None
Tax Type
None
Tax Rate
N/A
Tax Rate
N/A
Exchanges
Yes
Exchanges
No
Mining
Yes
Mining
No
Regulator
Department of Finance and Administration
Regulator
Central Bank of North Korea
Stablecoin Rules
No stablecoin regulation
Stablecoin Rules
Not applicable — crypto banned
Key Points
- No specific cryptocurrency legislation
- Uses the US dollar as official currency
- Very limited financial infrastructure
- Minimal crypto adoption
- No licensing framework for crypto services
Key Points
- No civilian cryptocurrency use permitted
- State-sponsored crypto theft alleged by UN and US
- Lazarus Group linked to major crypto exchange hacks
- International sanctions restrict all financial activities
- Cryptocurrency used by state actors, not civilians