BTC $66,753.00 (+0.68%)
ETH $1,939.50 (-0.07%)
XRP $1.41 (-0.99%)
BNB $606.11 (+0.48%)
SOL $82.12 (+1.18%)
TRX $0.28 (+2.01%)
DOGE $0.10 (-0.44%)
BCH $561.04 (+1.43%)
ADA $0.27 (-0.43%)
LEO $8.69 (+1.92%)
HYPE $28.93 (+2.06%)
XMR $334.68 (+2.83%)
LINK $8.51 (-0.47%)
CC $0.16 (-4.65%)
XLM $0.16 (-1.40%)
RAIN $0.01 (+1.62%)
ZEC $262.75 (-0.30%)
HBAR $0.10 (-1.34%)
LTC $52.56 (-0.91%)
AVAX $8.88 (+0.72%)

Latvia vs Zimbabwe

Crypto regulation comparison

← Back to map | Latvia | Zimbabwe
Latvia

Latvia

Zimbabwe

Zimbabwe

Legal
Restricted

Cryptocurrency is legal in Latvia and regulated under the EU MiCA framework. Since 2023, the financial regulator FKTK merged into Latvijas Banka, which now oversees VASP registration and AML compliance. Capital gains from crypto are taxed at 20%. Latvia has been proactive in implementing EU-wide crypto standards.

Zimbabwe has restricted cryptocurrency through its central bank. The RBZ banned financial institutions from processing crypto transactions in 2018. However, in a unique move, the RBZ issued gold-backed digital tokens (ZiG tokens) in 2023 as a store of value. Zimbabwe has a history of currency instability (hyperinflation, currency collapses) which drives informal crypto adoption for hedging and remittances.

Tax Type Capital gains
Tax Type None
Tax Rate 20%
Tax Rate N/A
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining Yes Yes
Regulator FKTK (Finanšu un kapitāla tirgus komisija) / Latvijas Banka
Regulator RBZ (Reserve Bank of Zimbabwe)
Stablecoin Rules Regulated under EU MiCA framework
Stablecoin Rules No private stablecoin regulation; RBZ introduced gold-backed ZiG digital token as state currency
Key Points
  • VASPs must register with Latvijas Banka and comply with AML/CFT requirements
  • Capital gains from crypto taxed at 20% personal income tax rate
  • MiCA framework applies from December 2024, transitioning existing registrations
  • Latvia transposed the 5th Anti-Money Laundering Directive for crypto oversight
  • Latvijas Banka absorbed FKTK regulatory functions in January 2023
Key Points
  • RBZ banned banks and financial institutions from servicing crypto in 2018
  • RBZ issued gold-backed digital tokens (ZiG) in 2023 as a CBDC-like instrument
  • No licensing framework for crypto exchanges
  • Informal crypto adoption driven by currency instability and remittance needs
  • Crypto ownership itself is not explicitly criminalized for individuals
Sources
Sources