Montenegro vs Nauru
Crypto regulation comparison
Montenegro
Nauru
Legal
Legal
Montenegro has no specific crypto law but crypto is not prohibited. Working toward EU candidacy and potential MiCA alignment. Capital gains taxed under general provisions.
Nauru has no specific cryptocurrency regulation.
Tax Type
Capital gains
Tax Type
None
Tax Rate
9-15%
Tax Rate
N/A
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
Central Bank of Montenegro, Capital Market Authority
Regulator
Command Ridge Virtual Asset Authority (CRVAA)
Stablecoin Rules
No specific stablecoin regulation
Stablecoin Rules
No stablecoin regulation
Key Points
- No specific cryptocurrency legislation but crypto is legal
- Working toward EU candidacy and MiCA alignment
- Capital gains on crypto taxed at 9-15%
- Central Bank has acknowledged crypto without banning it
- Growing interest in crypto-friendly policies
Key Points
- No specific cryptocurrency legislation
- Very limited financial infrastructure
- Minimal crypto adoption
- One of the world's smallest economies
- No licensing framework for crypto services