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Guatemala vs Papua New Guinea

Crypto regulation comparison

← Back to map | Guatemala | Papua New Guinea
Guatemala

Guatemala

Papua New Guinea

Papua New Guinea

No Regulation
No Regulation

Guatemala has no specific cryptocurrency regulation. The Banco de Guatemala has stated that crypto is not legal tender and not backed by the central bank, but has not banned its use. Crypto usage exists primarily for remittances from the US-based diaspora.

Papua New Guinea has no specific cryptocurrency regulation. The central bank has not issued formal guidance on crypto.

Tax Type Unclear
Tax Type None
Tax Rate N/A
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Banguat (Banco de Guatemala), SIB
Regulator Bank of Papua New Guinea
Stablecoin Rules No stablecoin-specific regulation
Stablecoin Rules No stablecoin regulation
Key Points
  • No specific cryptocurrency legislation exists
  • Banguat has warned that crypto is not legal tender and not government-backed
  • Crypto is neither explicitly legal nor illegal for private use
  • Remittance use case is significant given large diaspora in the US
  • Tax treatment of crypto gains is unclear
Key Points
  • No specific cryptocurrency legislation
  • Central bank has not issued formal crypto guidance
  • Limited internet and financial infrastructure
  • Minimal crypto adoption
  • No licensing framework for crypto services
Sources
Sources