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Iceland vs Niger

Crypto regulation comparison

← Back to map | Iceland | Niger
Iceland

Iceland

Niger

Niger

Legal
No Regulation

Cryptocurrency is legal in Iceland and subject to a 22% capital gains tax. Iceland is a major crypto mining destination due to abundant geothermal and hydroelectric energy. As an EEA member, Iceland follows EU financial regulations including MiCA through EEA incorporation.

Niger has no specific cryptocurrency regulation. As a WAEMU member, it falls under BCEAO oversight.

Tax Type Capital gains
Tax Type None
Tax Rate 22%
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator FME (Fjármálaeftirlitið / Financial Supervisory Authority), Central Bank of Iceland
Regulator BCEAO (Central Bank of West African States)
Stablecoin Rules No specific stablecoin regulation; follows EEA guidelines
Stablecoin Rules No stablecoin regulation
Key Points
  • 22% capital gains tax on crypto profits
  • Iceland is one of the world's largest crypto mining locations due to cheap renewable energy
  • FME supervises crypto businesses under AML/KYC regulations
  • As an EEA member, Iceland incorporates EU financial regulations including MiCA
  • Capital controls (imposed 2008-2017) originally complicated crypto usage but have been lifted
Key Points
  • No specific national cryptocurrency legislation
  • BCEAO provides regional monetary oversight
  • Part of the WAEMU monetary zone using the CFA franc
  • Very limited crypto adoption and internet access
  • No licensing framework for crypto businesses
Sources
Sources