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Lebanon vs Ukraine

Crypto regulation comparison

← Back to map | Lebanon | Ukraine
Lebanon

Lebanon

Ukraine

Ukraine

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.

Ukraine passed the 'On Virtual Assets' law in 2022, establishing a legal framework for crypto. The NSSMC is designated as the primary regulator for virtual assets. Crypto gained significance during the Russia-Ukraine war, with Ukraine receiving over $100 million in crypto donations. Tax rules specify 18% income tax plus 1.5% military levy on crypto gains. Full implementation of the regulatory framework has been delayed due to the ongoing conflict.

Tax Type None
Tax Type Capital gains
Tax Rate N/A
Tax Rate 18% + 1.5% military levy
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator BDL (Banque du Liban)
Regulator NSSMC (National Securities and Stock Market Commission), NBU
Stablecoin Rules No regulation
Stablecoin Rules Under development in virtual assets legislation
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
  • Virtual Assets law passed in 2022, establishing legal status for crypto
  • NSSMC designated as primary regulator for virtual assets; NBU handles stablecoins
  • 18% personal income tax + 1.5% military levy on crypto gains (19.5% total)
  • Over $100M in crypto donations received during Russia-Ukraine war
  • Full regulatory implementation delayed due to ongoing conflict
Sources
Sources