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North Korea vs Libya

Crypto regulation comparison

← Back to map | North Korea | Libya
North Korea

North Korea

Libya

Libya

Banned
Banned

North Korea does not allow civilian cryptocurrency use. The regime has been accused by the UN and US of using state-sponsored hacking to steal cryptocurrency to fund weapons programs.

Libya has a restrictive stance on cryptocurrency. The Central Bank of Libya has warned against crypto use. Political instability and a divided government complicate any regulatory development.

Tax Type None
Tax Type None
Tax Rate N/A
Tax Rate N/A
Exchanges No No
Exchanges No No
Mining No No
Mining No No
Regulator Central Bank of North Korea
Regulator Central Bank of Libya
Stablecoin Rules Not applicable — crypto banned
Stablecoin Rules No stablecoin regulation
Key Points
  • No civilian cryptocurrency use permitted
  • State-sponsored crypto theft alleged by UN and US
  • Lazarus Group linked to major crypto exchange hacks
  • International sanctions restrict all financial activities
  • Cryptocurrency used by state actors, not civilians
Key Points
  • Central Bank of Libya has warned against cryptocurrency use
  • No specific cryptocurrency legislation
  • Political instability limits regulatory development
  • Crypto used informally despite restrictions
  • No licensed crypto exchanges operate
Sources
Sources