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Guyana vs Seychelles

Crypto regulation comparison

← Back to map | Guyana | Seychelles
Guyana

Guyana

Seychelles

Seychelles

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.

The VASP Act 2024 effective Sept 2024 establishes FSA as regulator for virtual asset service providers. Exchanges require licensing. Mining and mixer/tumbler services are prohibited in Seychelles.

Tax Type No tax
Tax Type No tax
Tax Rate 0%
Tax Rate 0%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining No No
Regulator Bank of Guyana
Regulator Financial Services Authority (FSA)
Stablecoin Rules No stablecoin regulation
Stablecoin Rules Regulated under VASP Act 2024
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
  • VASP Act 2024 enacted Aug 30, effective Sept 1, 2024
  • FSA licenses and supervises all virtual asset service providers
  • Mining facilities and mixer/tumbler services prohibited
  • VASPs must maintain local office and resident director
  • Licensed IBC VASPs taxed at 1.5% on assessable income
Sources
Sources