Malta vs Puerto Rico
Crypto regulation comparison
Malta
Puerto Rico
Legal
No Data
Malta positioned itself as the 'Blockchain Island' with the 2018 Virtual Financial Assets (VFA) Act, one of the world's first comprehensive crypto regulatory frameworks. The MFSA licenses VFA service providers and oversees ICOs. Long-term crypto holdings are generally not subject to capital gains tax for individuals, while trading profits may be taxed as income.
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Tax Type
Capital gains
Tax Type
Unclear
Tax Rate
0-35%
Tax Rate
N/A
Exchanges
Yes
Exchanges
No
Mining
Yes
Mining
No
Regulator
MFSA (Malta Financial Services Authority)
Regulator
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Stablecoin Rules
Regulated under MFSA VFA framework and EU MiCA
Stablecoin Rules
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Key Points
- Virtual Financial Assets Act (2018) provides a comprehensive licensing framework
- MFSA licenses VFA exchanges, brokers, custodians, and portfolio managers
- Long-term crypto holdings generally not subject to capital gains tax for individuals
- Day trading profits may be taxed as business income at progressive rates up to 35%
- Transitioning to EU MiCA framework from December 2024
Key Points
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Sources
Sources
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