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Kyrgyzstan vs Saint Kitts and Nevis

Crypto regulation comparison

Kyrgyzstan

Kyrgyzstan

Saint Kitts and Nevis

Saint Kitts and Nevis

Legal
Legal

Kyrgyzstan adopted the Law on Virtual Assets in 2022 requiring licensing for exchanges, mining, and VASPs. Over 120 licensed VASPs operate. Crypto turnover exceeded traditional securities market in 2024.

Saint Kitts and Nevis has taken a crypto-friendly approach. No income or capital gains tax. The country accepts crypto for citizenship by investment.

Tax Type Income
Tax Type No tax
Tax Rate 10%
Tax Rate 0%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator State Financial Supervision Authority
Regulator Eastern Caribbean Central Bank (ECCB), Financial Services Regulatory Commission
Stablecoin Rules Regulated under Virtual Assets Law
Stablecoin Rules No specific stablecoin regulation
Key Points
  • Law on Virtual Assets adopted in 2022 with licensing framework
  • Over 120 licensed VASPs active by late 2024
  • Three license types: trading operator, currency exchanger, mining operator
  • Crypto sector contributed 800M KGS in taxes in 2024
  • Virtual assets not recognized as legal tender but circulate under special regime
Key Points
  • Crypto-friendly regulatory approach
  • No income or capital gains tax
  • Citizenship by investment accepts cryptocurrency
  • ECCB provides regional monetary oversight
  • Growing digital economy initiatives