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Guyana vs Montenegro

Crypto regulation comparison

Guyana

Guyana

Montenegro

Montenegro

No Regulation
Legal

Guyana has no specific cryptocurrency regulation. The Bank of Guyana has noted crypto is not legal tender but has not banned it. No income or capital gains tax exists.

Montenegro has no specific crypto law but crypto is not prohibited. Working toward EU candidacy and potential MiCA alignment. Capital gains taxed under general provisions.

Tax Type No tax
Tax Type Capital gains
Tax Rate 0%
Tax Rate 9-15%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Bank of Guyana
Regulator Central Bank of Montenegro, Capital Market Authority
Stablecoin Rules No stablecoin regulation
Stablecoin Rules No specific stablecoin regulation
Key Points
  • No specific cryptocurrency legislation
  • Bank of Guyana warns crypto is not legal tender
  • No income or capital gains tax in Guyana
  • No licensing framework for crypto businesses
  • Limited crypto adoption
Key Points
  • No specific cryptocurrency legislation but crypto is legal
  • Working toward EU candidacy and MiCA alignment
  • Capital gains on crypto taxed at 9-15%
  • Central Bank has acknowledged crypto without banning it
  • Growing interest in crypto-friendly policies