Micronesia vs São Tomé and Príncipe
Crypto regulation comparison
Micronesia
São Tomé and Príncipe
No Regulation
No Regulation
Micronesia has no specific cryptocurrency regulation. Uses the US dollar as its official currency.
São Tomé and Príncipe has no specific cryptocurrency regulation.
Tax Type
None
Tax Type
None
Tax Rate
N/A
Tax Rate
N/A
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
Department of Finance and Administration
Regulator
Banco Central de São Tomé e Príncipe
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 addressed crypto
- Very limited financial infrastructure
- Minimal crypto adoption
- No licensing framework for crypto services