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Grenada vs Nicaragua

Crypto regulation comparison

Grenada

Grenada

Nicaragua

Nicaragua

No Regulation
Legal

Grenada has no specific cryptocurrency legislation. No income or capital gains tax. ECCB provides regional monetary oversight.

Nicaragua regulates virtual assets under Law 1072 (2021) and BCN resolution CD-BCN-XXV-1-22 (2022). VASPs must be licensed by BCN. Crypto gains taxed at 15% capital gains rate.

Tax Type No tax
Tax Type Capital gains
Tax Rate 0%
Tax Rate 15%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Eastern Caribbean Central Bank (ECCB)
Regulator Banco Central de Nicaragua (BCN)
Stablecoin Rules No specific stablecoin regulation
Stablecoin Rules No stablecoin regulation
Key Points
  • No specific cryptocurrency legislation
  • No income or capital gains tax
  • ECCB provides regional monetary oversight
  • Limited crypto adoption
  • No licensing framework for crypto services
Key Points
  • Law 1072 (2021) defines virtual assets and regulates VASPs
  • BCN is designated as the licensing and supervisory authority
  • Banks are legally permitted to offer virtual asset services
  • Capital gains taxed at 15% on crypto profits
  • Government monitors virtual transactions exceeding ,000 since 2025