Hungary vs Trinidad and Tobago
Crypto regulation comparison
Hungary
Trinidad and Tobago
Legal
Restricted
Cryptocurrency is legal in Hungary and subject to a 15% personal income tax on gains. Hungary follows EU regulatory frameworks including MiCA. The MNB supervises crypto service providers, and the country has a growing blockchain and crypto ecosystem.
Trinidad and Tobago's crypto sector is largely unregulated. The Central Bank, TTSEC, and FIU jointly warned in 2019 that crypto providers are neither regulated nor supervised. A 2025 Virtual Assets Bill proposes banning crypto transactions until December 2027 with fines up to M TTD. Most banks block crypto purchases.
Tax Type
Capital gains
Tax Type
Unclear
Tax Rate
15%
Tax Rate
N/A
Exchanges
Yes
Exchanges
No
Mining
Yes
Mining
Yes
Regulator
MNB (Magyar Nemzeti Bank)
Regulator
Central Bank of Trinidad and Tobago (CBTT), TTSEC
Stablecoin Rules
Regulated under EU MiCA framework
Stablecoin Rules
No stablecoin regulation
Key Points
- 15% personal income tax on crypto gains
- Additional social contribution tax may apply to certain crypto income
- MNB supervises VASPs for AML/KYC compliance
- MiCA framework applicable from December 2024
- Hungary's tax rate on crypto is competitive within the EU
Key Points
- Joint 2019 advisory: crypto providers neither regulated nor supervised
- Virtual Assets Bill 2025 proposes ban on crypto transactions until December 2027
- Most commercial banks block crypto-related transactions
- Proposed fines up to M TTD for unauthorized virtual asset activities
- TTSEC designated as primary regulator under proposed legislation