Ghana vs Serbia
Crypto regulation comparison
Ghana
Serbia
No Regulation
Legal
Ghana has no specific cryptocurrency legislation. The Bank of Ghana has warned citizens about the risks of crypto but has not imposed an outright ban. SEC Ghana has indicated plans to develop a regulatory framework for digital assets, and the country has one of Africa's growing crypto communities.
Serbia's Law on Digital Assets, enacted in December 2020 and effective June 2021, created one of the first comprehensive crypto regulatory frameworks in the Western Balkans. The NBS oversees virtual currencies while the Securities Commission handles digital tokens. Service providers must obtain licenses and comply with AML/KYC requirements. Capital gains taxed at 15%.
Tax Type
Unclear
Tax Type
Capital gains
Tax Rate
N/A
Tax Rate
15%
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
Bank of Ghana (BoG), SEC Ghana
Regulator
National Bank of Serbia (NBS), Securities Commission
Stablecoin Rules
No stablecoin regulation; Bank of Ghana exploring e-Cedi CBDC
Stablecoin Rules
No specific stablecoin regulation
Key Points
- No specific cryptocurrency legislation or regulatory framework exists
- Bank of Ghana issued warnings about crypto risks but has not banned it
- SEC Ghana has expressed interest in developing a digital asset framework
- Ghana has high crypto adoption relative to its economy, particularly for P2P trading
- Bank of Ghana has been piloting the e-Cedi CBDC
Key Points
- Law on Digital Assets enacted December 2020, effective June 2021
- NBS regulates virtual currencies; Securities Commission regulates digital tokens
- Capital gains on crypto taxed at 15%
- Service providers must obtain licenses and maintain physical offices in Serbia
- Transfer/conversion of digital assets exempt from VAT