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Lithuania vs Palau

Crypto regulation comparison

← Back to map | Lithuania | Palau
Lithuania

Lithuania

Palau

Palau

Legal
Legal

Cryptocurrency is legal and regulated in Lithuania. The Bank of Lithuania oversees VASPs under AML regulations and has been an early mover in crypto regulation within the EU. Lithuania attracted a large number of VASP registrations due to initially favorable conditions, though it tightened requirements significantly in 2022-2023. The MiCA framework now applies.

Palau has explored blockchain technology and launched a stablecoin program in partnership with Ripple. No income or capital gains tax.

Tax Type Capital gains
Tax Type No tax
Tax Rate 15%
Tax Rate 0%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Bank of Lithuania (Lietuvos Bankas)
Regulator Financial Institutions Commission
Stablecoin Rules Regulated under EU MiCA framework
Stablecoin Rules No specific stablecoin regulation
Key Points
  • VASPs must register with the Bank of Lithuania under AML/CFT law
  • Capital gains from crypto taxed at 15% personal income tax rate
  • Lithuania became a major EU hub for crypto companies; over 500 VASPs registered by 2022
  • Tightened VASP requirements in 2022-2023, including local substance and capital requirements
  • MiCA transition underway from December 2024
Key Points
  • Exploring national stablecoin in partnership with Ripple
  • No income or capital gains tax
  • Uses the US dollar as official currency
  • Small but forward-looking approach to digital assets
  • Limited domestic crypto infrastructure
Sources
Sources