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Liberia vs Nauru

Crypto regulation comparison

← Back to map | Liberia | Nauru
Liberia

Liberia

Nauru

Nauru

Restricted
Legal

The CBL has not issued crypto licenses and considers unauthorized crypto products illegal. No specific crypto legislation exists but the Financial Institutions Act requires licensing for all financial services.

Nauru has no specific cryptocurrency regulation.

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 Central Bank of Liberia
Regulator Command Ridge Virtual Asset Authority (CRVAA)
Stablecoin Rules No stablecoin regulation
Stablecoin Rules No stablecoin regulation
Key Points
  • CBL has not approved any crypto licensing
  • Unauthorized crypto products deemed illegal under Financial Institutions Act
  • CBL shut down local crypto startup TACC in 2021
  • No specific crypto tax framework
  • Very low crypto adoption due to limited internet access
Key Points
  • No specific cryptocurrency legislation
  • Very limited financial infrastructure
  • Minimal crypto adoption
  • One of the world's smallest economies
  • No licensing framework for crypto services
Sources
Sources