Liberia vs Papua New Guinea
Crypto regulation comparison
Liberia
Papua New Guinea
Restricted
No Regulation
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.
Papua New Guinea has no specific cryptocurrency regulation. The central bank has not issued formal guidance on crypto.
Tax Type
None
Tax Type
None
Tax Rate
N/A
Tax Rate
N/A
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
Central Bank of Liberia
Regulator
Bank of Papua New Guinea
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
- Central bank has not issued formal crypto guidance
- Limited internet and financial infrastructure
- Minimal crypto adoption
- No licensing framework for crypto services