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Comoros vs Latvia

Crypto regulation comparison

← Back to map | Comoros | Latvia
Comoros

Comoros

Latvia

Latvia

Legal
Legal

Comoros has no specific cryptocurrency regulation.

Cryptocurrency is legal in Latvia and regulated under the EU MiCA framework. Since 2023, the financial regulator FKTK merged into Latvijas Banka, which now oversees VASP registration and AML compliance. Capital gains from crypto are taxed at 20%. Latvia has been proactive in implementing EU-wide crypto standards.

Tax Type None
Tax Type Capital gains
Tax Rate N/A
Tax Rate 20%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Banque Centrale des Comores
Regulator FKTK (Finanšu un kapitāla tirgus komisija) / Latvijas Banka
Stablecoin Rules No stablecoin regulation
Stablecoin Rules Regulated under EU MiCA framework
Key Points
  • No specific cryptocurrency legislation
  • Central bank has not addressed crypto regulation
  • Very limited internet and financial infrastructure
  • Minimal crypto adoption
  • No licensing framework for crypto services
Key Points
  • VASPs must register with Latvijas Banka and comply with AML/CFT requirements
  • Capital gains from crypto taxed at 20% personal income tax rate
  • MiCA framework applies from December 2024, transitioning existing registrations
  • Latvia transposed the 5th Anti-Money Laundering Directive for crypto oversight
  • Latvijas Banka absorbed FKTK regulatory functions in January 2023
Sources
Sources