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Ireland vs Madagascar

Crypto regulation comparison

Ireland

Ireland

Madagascar

Madagascar

Legal
No Regulation

Cryptocurrency is legal in Ireland and subject to a 33% capital gains tax, one of the higher rates in the EU. The Central Bank of Ireland supervises VASPs under AML regulations, and Ireland follows the EU's MiCA framework. Ireland's status as a European tech hub has attracted crypto businesses.

Madagascar has no specific cryptocurrency regulation. The central bank has not issued formal guidance on crypto. Crypto operates in a legal gray area.

Tax Type Capital gains
Tax Type None
Tax Rate 33%
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Central Bank of Ireland, Revenue Commissioners
Regulator Banque Centrale de Madagascar
Stablecoin Rules Regulated under EU MiCA framework
Stablecoin Rules No stablecoin regulation
Key Points
  • 33% capital gains tax on crypto profits (CGT), with an annual exemption of €1,270
  • Income from crypto mining, staking, or airdrops may be treated as income tax
  • Central Bank of Ireland registers VASPs under the Criminal Justice (Money Laundering) Act
  • MiCA framework applicable from December 2024
  • Ireland hosts European headquarters of several major crypto firms
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