Montenegro vs Zambia
Crypto regulation comparison
Montenegro
Zambia
Legal
No Regulation
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.
Zambia has no comprehensive cryptocurrency legislation. The SEC warns the public about unregulated crypto schemes and evaluates whether specific products qualify as securities. The Bank of Zambia's 2024-2027 Strategic Plan includes developing a crypto and stablecoin regulatory framework. Blockchain-based regulatory testing is underway with the SEC and BoZ.
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
Bank of Zambia, Securities and Exchange Commission
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
- SEC warns public against unregulated cryptocurrency schemes
- Crypto products regulated only if they meet the definition of a security
- BoZ 2024-2027 Strategic Plan includes crypto and stablecoin regulatory framework
- Blockchain-based regulatory testing underway with SEC and BoZ
- Kwacha is sole legal tender for domestic transactions per 2025 Currency Directives