Ghana vs Taiwan
Crypto regulation comparison
Ghana
Taiwan
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.
Taiwan regulates cryptocurrency under FSC guidance. In 2023, the FSC was designated as the primary regulator for virtual assets. VASPs must register and comply with AML regulations. Taiwan has a vibrant crypto community and several compliant exchanges. Crypto income is subject to income tax at progressive rates.
Tax Type
Unclear
Tax Type
Income
Tax Rate
N/A
Tax Rate
5-40%
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
Bank of Ghana (BoG), SEC Ghana
Regulator
FSC (Financial Supervisory Commission)
Stablecoin Rules
No stablecoin regulation; Bank of Ghana exploring e-Cedi CBDC
Stablecoin Rules
Under FSC guidance; stablecoins treated as virtual assets
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
- FSC designated as primary crypto regulator in 2023
- VASPs must comply with AML/CFT rules and register with the FSC
- Self-regulatory guidelines issued for VASP industry (2023-2024)
- Crypto income taxed at progressive rates (5-40%)
- Major exchanges include MaiCoin/MAX, BitoEX/BitoPro