Mauritania vs Paraguay
Crypto regulation comparison
Mauritania
Paraguay
Restricted
Legal
Mauritania has a restrictive stance on cryptocurrency. Islamic finance principles influence the financial regulatory approach. The central bank has warned against crypto use.
Paraguay has no specific comprehensive crypto law. President Abdo vetoed a crypto regulation bill in 2022. The BCP does not recognize crypto as legal tender. VASPs must register with SEPRELAD for AML compliance since 2020. Paraguay is a significant crypto mining hub due to cheap hydroelectric power from the Itaipu Dam, though bills to restrict mining due to energy theft have been debated.
Tax Type
None
Tax Type
Income
Tax Rate
N/A
Tax Rate
8-10%
Exchanges
No
Exchanges
Yes
Mining
No
Mining
Yes
Regulator
Banque Centrale de Mauritanie
Regulator
BCP (Banco Central del Paraguay), SEPRELAD
Stablecoin Rules
No stablecoin regulation
Stablecoin Rules
No specific stablecoin regulation
Key Points
- Central bank has warned against cryptocurrency use
- Islamic finance principles influence regulatory approach
- No specific cryptocurrency legislation
- Limited crypto infrastructure
- Financial institutions discouraged from dealing in crypto
Key Points
- No comprehensive crypto law enacted; 2022 bill was vetoed by President Abdo
- Major crypto mining hub thanks to cheap hydroelectric power (Itaipu Dam)
- VASPs must register with SEPRELAD (anti-money laundering secretariat)
- Income from crypto activities subject to 8-10% tax rates
- ANDE (national electricity authority) regulates power consumption for mining operations