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CC $0.16 (-3.61%)
LINK $8.57 (-2.56%)
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AVAX $8.79 (-2.92%)

Moldova vs Somalia

Crypto regulation comparison

← Back to map | Moldova | Somalia
Moldova

Moldova

Somalia

Somalia

No Regulation
No Regulation

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.

Somalia has no specific cryptocurrency regulation. The fragmented governance structure makes unified regulation extremely difficult. Mobile money dominates the financial landscape.

Tax Type Income
Tax Type None
Tax Rate 12% (planned)
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator National Bank of Moldova
Regulator Central Bank of Somalia
Stablecoin Rules No stablecoin regulation
Stablecoin Rules No 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
  • No specific cryptocurrency legislation
  • Fragmented governance limits regulatory development
  • Mobile money dominates informal financial system
  • Very limited formal financial infrastructure
  • No licensing framework for crypto services
Sources
Sources