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Iceland vs Nauru

Crypto regulation comparison

← Back to map | Iceland | Nauru
Iceland

Iceland

Nauru

Nauru

Legal
Legal

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.

Nauru has no specific cryptocurrency regulation.

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 Command Ridge Virtual Asset Authority (CRVAA)
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 cryptocurrency legislation
  • Very limited financial infrastructure
  • Minimal crypto adoption
  • One of the world's smallest economies
  • No licensing framework for crypto services
Sources
Sources