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Lebanon vs Timor-Leste

Crypto regulation comparison

Lebanon

Lebanon

Timor-Leste

Timor-Leste

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.

Timor-Leste has no specific cryptocurrency regulation. Uses the US dollar as its official currency.

Tax Type None
Tax Type None
Tax Rate N/A
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator BDL (Banque du Liban)
Regulator Banco Central de Timor-Leste
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 cryptocurrency legislation
  • Uses the US dollar as official currency
  • Central bank has not addressed crypto regulation
  • Very limited financial infrastructure
  • Minimal crypto adoption