Croatia vs Madagascar
Crypto regulation comparison
Croatia
Madagascar
Cryptocurrency is legal in Croatia and regulated under the EU's MiCA framework since Croatia joined the eurozone in January 2023. Crypto capital gains are taxed at 10-12% depending on the holding period. HANFA oversees crypto service providers.
Madagascar has no specific cryptocurrency regulation. The central bank has not issued formal guidance on crypto. Crypto operates in a legal gray area.
Key Points
- Capital gains on crypto taxed at 12% flat rate
- Gains on crypto held over 2 years are tax-exempt
- HANFA regulates VASPs under Croatian and EU law
- MiCA framework fully applicable from 30 December 2024
- Croatia joined the eurozone in January 2023, aligning financial regulation with EU standards
Key Points
- No specific cryptocurrency legislation
- Central bank has not issued formal crypto guidance
- Crypto not recognized as legal tender
- Limited crypto adoption and infrastructure
- No licensing framework for crypto businesses