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Kyrgyzstan vs Mali

Crypto regulation comparison

← Back to map | Kyrgyzstan | Mali
Kyrgyzstan

Kyrgyzstan

Mali

Mali

Legal
No Regulation

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.

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

Tax Type Income
Tax Type None
Tax Rate 10%
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator State Financial Supervision Authority
Regulator BCEAO (Central Bank of West African States)
Stablecoin Rules Regulated under Virtual Assets Law
Stablecoin Rules No 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
  • No specific national cryptocurrency legislation
  • BCEAO provides regional monetary oversight
  • Part of the WAEMU monetary zone using the CFA franc
  • Political instability limits regulatory development
  • Minimal crypto adoption
Sources
Sources