Lebanon vs Mali
Crypto regulation comparison
Lebanon
Mali
No Regulation
No Regulation
Lebanon has no specific cryptocurrency legislation. The Banque du Liban issued a 2014 circular warning financial institutions against dealing with digital currencies, but crypto itself is not banned. Amid the severe economic crisis and banking collapse since 2019, crypto adoption has surged as citizens seek alternatives to the devalued Lebanese pound.
Mali has no specific cryptocurrency regulation. As a WAEMU member, it falls under BCEAO oversight.
Tax Type
None
Tax Type
None
Tax Rate
N/A
Tax Rate
N/A
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
BDL (Banque du Liban)
Regulator
BCEAO (Central Bank of West African States)
Stablecoin Rules
No regulation
Stablecoin Rules
No stablecoin regulation
Key Points
- BDL Circular 318 (2014) warned banks against dealing in crypto but did not ban it outright
- No dedicated crypto regulatory framework or licensing regime
- Severe banking crisis and capital controls have driven crypto adoption
- Crypto used as a store of value and remittance channel during economic collapse
- No specific crypto taxation rules in place
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