Micronesia vs Sweden
Crypto regulation comparison
Micronesia
Sweden
No Regulation
Legal
Micronesia has no specific cryptocurrency regulation. Uses the US dollar as its official currency.
Cryptocurrency is legal and regulated in Sweden. Crypto capital gains are taxed at a flat 30% rate. Finansinspektionen registers VASPs and oversees compliance. Sweden's Riksbank has been a pioneer in CBDC research with its e-krona project. MiCA applies from December 2024.
Tax Type
None
Tax Type
Capital gains
Tax Rate
N/A
Tax Rate
30%
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
Department of Finance and Administration
Regulator
Finansinspektionen (FI)
Stablecoin Rules
No stablecoin regulation
Stablecoin Rules
Regulated under EU MiCA framework
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
- Flat 30% tax on crypto capital gains
- Skatteverket (Swedish Tax Agency) actively tracks and taxes crypto; has made bulk data requests to exchanges
- VASPs must register with Finansinspektionen for AML compliance
- Riksbank e-krona CBDC pilot is one of the most advanced in Europe
- MiCA framework applicable from December 2024