Moldova vs Marshall Islands
Crypto regulation comparison
Moldova
Marshall Islands
No Regulation
Legal
Moldova currently has no specific cryptocurrency legislation. The National Bank warns that virtual currencies are unregulated and user funds are not protected. Ownership and trading are legal but use as payment is prohibited. Moldova plans to introduce its first crypto law by 2026, aligned with EU MiCA regulation, including a 12% tax on crypto profits.
The Marshall Islands passed the Sovereign Currency Act in 2018 to create the SOV, a blockchain-based national digital currency. No income or capital gains tax.
Tax Type
Income
Tax Type
No tax
Tax Rate
12% (planned)
Tax Rate
0%
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
National Bank of Moldova
Regulator
Banking Commission of the Marshall Islands
Stablecoin Rules
No stablecoin regulation
Stablecoin Rules
No specific stablecoin regulation
Key Points
- Virtual currencies not regulated; user funds not protected per NBM warning
- Ownership and trading legal; use as payment prohibited
- First crypto law planned by 2026, aligned with EU MiCA regulation
- Planned 12% tax on crypto transaction profits
- Law being drafted jointly by Finance Ministry, NBM, and AML authority
Key Points
- Sovereign Currency Act (2018) created SOV digital currency
- No income or capital gains tax
- Has been a popular jurisdiction for DAO registration
- Banking Commission provides oversight
- Limited domestic crypto adoption