BTC $68,070.00 (-0.15%)
ETH $1,977.47 (+0.25%)
XRP $1.42 (-1.15%)
BNB $623.95 (-0.87%)
SOL $85.22 (+0.23%)
TRX $0.29 (+0.86%)
DOGE $0.10 (-3.06%)
BCH $572.71 (+0.54%)
ADA $0.28 (-2.65%)
LEO $8.19 (-4.43%)
HYPE $29.56 (-2.55%)
LINK $8.83 (-0.99%)
CC $0.16 (+0.05%)
XMR $323.60 (-2.02%)
XLM $0.16 (-4.01%)
RAIN $0.01 (-0.14%)
HBAR $0.10 (-1.51%)
LTC $54.76 (-0.66%)
ZEC $252.44 (-3.71%)
AVAX $9.03 (-2.46%)

Lebanon vs El Salvador

Crypto regulation comparison

← Back to map | Lebanon | El Salvador
Lebanon

Lebanon

El Salvador

El Salvador

No Regulation
Legal

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.

El Salvador made history in September 2021 by becoming the first country to adopt Bitcoin as legal tender through the Bitcoin Law. However, under a January 2025 IMF agreement (Decreto 199), El Salvador amended the law to make Bitcoin acceptance by businesses voluntary rather than mandatory, and repealed several articles. There is no capital gains tax on Bitcoin. The CNAD regulates digital assets.

Tax Type None
Tax Type No tax
Tax Rate N/A
Tax Rate 0%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator BDL (Banque du Liban)
Regulator BCR (Banco Central de Reserva), CNAD (Comisión Nacional de Activos Digitales)
Stablecoin Rules No regulation
Stablecoin Rules USD is the primary currency; Bitcoin-specific legislation in place
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
  • First country to adopt Bitcoin as legal tender in September 2021 via the Bitcoin Law
  • Government developed the Chivo wallet for citizens, offering $30 USD in BTC incentive
  • January 2025 Decreto 199 made merchant Bitcoin acceptance voluntary (IMF condition)
  • No capital gains tax on Bitcoin transactions for individuals
  • Government has been accumulating Bitcoin reserves and launched Bitcoin-backed bonds
Sources
Sources