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Moldova vs El Salvador

Crypto regulation comparison

← Back to map | Moldova | El Salvador
Moldova

Moldova

El Salvador

El Salvador

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.

El Salvador made history in September 2021 by becoming the first country to adopt Bitcoin as legal tender through the Bitcoin Law. However, under a January 2025 IMF agreement (Decreto 199), El Salvador amended the law to make Bitcoin acceptance by businesses voluntary rather than mandatory, and repealed several articles. There is no capital gains tax on Bitcoin. The CNAD regulates digital assets.

Tax Type Income
Tax Type No tax
Tax Rate 12% (planned)
Tax Rate 0%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator National Bank of Moldova
Regulator BCR (Banco Central de Reserva), CNAD (Comisión Nacional de Activos Digitales)
Stablecoin Rules No stablecoin regulation
Stablecoin Rules USD is the primary currency; Bitcoin-specific legislation in place
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
  • First country to adopt Bitcoin as legal tender in September 2021 via the Bitcoin Law
  • Government developed the Chivo wallet for citizens, offering $30 USD in BTC incentive
  • January 2025 Decreto 199 made merchant Bitcoin acceptance voluntary (IMF condition)
  • No capital gains tax on Bitcoin transactions for individuals
  • Government has been accumulating Bitcoin reserves and launched Bitcoin-backed bonds
Sources
Sources