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Micronesia vs Papua New Guinea

Crypto regulation comparison

← Back to map | Micronesia | Papua New Guinea
Micronesia

Micronesia

Papua New Guinea

Papua New Guinea

No Regulation
No Regulation

Micronesia has no specific cryptocurrency regulation. Uses the US dollar as its official currency.

Papua New Guinea has no specific cryptocurrency regulation. The central bank has not issued formal guidance on crypto.

Tax Type None
Tax Type None
Tax Rate N/A
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Department of Finance and Administration
Regulator Bank of Papua New Guinea
Stablecoin Rules No stablecoin regulation
Stablecoin Rules No stablecoin regulation
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 specific cryptocurrency legislation
  • Central bank has not issued formal crypto guidance
  • Limited internet and financial infrastructure
  • Minimal crypto adoption
  • No licensing framework for crypto services
Sources
Sources