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Georgia vs Kosovo

Crypto regulation comparison

← Back to map | Georgia | Kosovo
Georgia

Georgia

Kosovo

Kosovo

Legal
Legal

Georgia is one of the most crypto-friendly countries globally. There is no capital gains tax for individuals on cryptocurrency, and the country has a significant crypto mining industry due to low electricity costs. The National Bank has taken a cautious but permissive approach, issuing guidance rather than strict regulation.

Kosovo banned crypto mining in 2022 due to energy crisis but crypto trading remains legal. The Central Bank has warned about crypto risks.

Tax Type No tax
Tax Type Income
Tax Rate 0% (individuals)
Tax Rate 0-10%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining No No
Regulator National Bank of Georgia (NBG)
Regulator Central Bank of Kosovo
Stablecoin Rules No specific stablecoin regulation
Stablecoin Rules No specific stablecoin regulation
Key Points
  • No capital gains tax on crypto for individuals
  • Businesses dealing in crypto are taxed under standard corporate tax rules (15% CIT)
  • Georgia is a major crypto mining hub due to cheap hydroelectric power
  • NBG does not recognize crypto as legal tender but has not prohibited it
  • The Free Industrial Zone offers additional tax advantages for crypto businesses
Key Points
  • Crypto mining banned in 2022 due to energy crisis
  • Crypto trading and holding remain legal
  • Central Bank has warned about crypto risks
  • Income from crypto subject to taxation
  • Growing crypto adoption despite mining ban
Sources
Sources