Jamaica vs Moldova
Crypto regulation comparison
Jamaica
Moldova
No Regulation
No Regulation
Jamaica has no specific cryptocurrency legislation. The Bank of Jamaica does not regulate or endorse crypto but has not banned it. Jamaica launched its own CBDC, JAM-DEX, in 2022 through the National Commercial Bank. Crypto exists in a legal gray area with no dedicated framework.
Moldova currently has no specific cryptocurrency legislation. The National Bank warns that virtual currencies are unregulated and user funds are not protected. Ownership and trading are legal but use as payment is prohibited. Moldova plans to introduce its first crypto law by 2026, aligned with EU MiCA regulation, including a 12% tax on crypto profits.
Tax Type
Unclear
Tax Type
Income
Tax Rate
N/A
Tax Rate
12% (planned)
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
BOJ (Bank of Jamaica), FSC
Regulator
National Bank of Moldova
Stablecoin Rules
BOJ launched JAM-DEX CBDC; no private stablecoin regulation
Stablecoin Rules
No stablecoin regulation
Key Points
- No specific cryptocurrency legislation or regulatory framework
- BOJ does not recognize crypto as legal tender but has not banned it
- Jamaica launched the JAM-DEX CBDC in 2022
- FSC Jamaica has not issued specific guidance on crypto asset regulation
- Tax treatment of crypto gains is unclear due to lack of specific guidance
Key Points
- Virtual currencies not regulated; user funds not protected per NBM warning
- Ownership and trading legal; use as payment prohibited
- First crypto law planned by 2026, aligned with EU MiCA regulation
- Planned 12% tax on crypto transaction profits
- Law being drafted jointly by Finance Ministry, NBM, and AML authority