BTC $66,418.00 (-1.65%)
ETH $1,946.58 (-2.40%)
XRP $1.42 (-3.69%)
BNB $605.14 (-2.14%)
SOL $81.42 (-4.35%)
TRX $0.28 (-1.21%)
DOGE $0.10 (-2.15%)
BCH $555.62 (-1.81%)
ADA $0.27 (-2.98%)
LEO $8.52 (-1.88%)
HYPE $28.45 (-4.03%)
CC $0.17 (+0.55%)
LINK $8.58 (-3.20%)
XMR $327.52 (-1.91%)
XLM $0.16 (-3.09%)
RAIN $0.01 (-3.02%)
ZEC $264.41 (-8.37%)
HBAR $0.10 (-2.47%)
LTC $53.19 (-1.74%)
AVAX $8.85 (-3.53%)

United Kingdom vs Rwanda

Crypto regulation comparison

← Back to map | United Kingdom | Rwanda
United Kingdom

United Kingdom

Rwanda

Rwanda

Legal
Restricted

The UK has an evolving and increasingly comprehensive crypto regulatory framework. The FCA registers crypto firms for AML/CFT compliance and has imposed strict financial promotion rules requiring risk warnings and banning incentives. HMRC treats crypto as property subject to Capital Gains Tax (10% basic rate, 20% higher rate, with £3,000 annual exemption from 2024/25). The Financial Services and Markets Act 2023 brought crypto assets into the UK regulatory perimeter, and HM Treasury is developing rules for a full crypto regime including exchange licensing, stablecoin regulation, and a potential UK CBDC ('Britcoin').

Rwanda is developing a comprehensive crypto regulatory framework. The NBR and Capital Markets Authority are drafting a law requiring VASPs to obtain CMA licenses. The draft law prohibits crypto as legal tender, bans mining and crypto ATMs, and imposes fines up to 30M RWF and imprisonment for unlicensed operators.

Tax Type Capital gains
Tax Type None
Tax Rate 18-24%
Tax Rate N/A
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining No No
Regulator FCA (Financial Conduct Authority), HMRC, Bank of England
Regulator National Bank of Rwanda (NBR), Capital Markets Authority (CMA)
Stablecoin Rules Stablecoin regulation under Financial Services and Markets Act 2023; fiat-backed stablecoins to be regulated by FCA
Stablecoin Rules Draft law prohibits crypto as payment; mining and crypto ATMs banned
Key Points
  • FCA AML registration required for all crypto firms operating in the UK
  • Capital Gains Tax: 10% (basic rate) or 20% (higher rate); £3,000 annual exempt amount (2024/25)
  • Financial promotions regime (2023): strict rules on crypto advertising, risk warnings mandatory
  • Financial Services and Markets Act 2023 brings crypto into regulatory perimeter
  • HM Treasury developing comprehensive crypto regulatory regime (exchange licensing, conduct rules)
Key Points
  • Draft law requires VASPs to obtain licenses from Capital Markets Authority
  • Crypto prohibited as legal tender or payment method under draft law
  • Crypto mining, crypto ATMs, and mixer/tumbler services banned
  • Penalties include fines up to 30M RWF and up to 5 years imprisonment
  • Framework driven by FATF compliance on AML requirements
Sources
Sources