Malta vs Sudan
Crypto regulation comparison
Malta
Sudan
Legal
Restricted
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.
Sudan has a restrictive financial environment compounded by political instability and historical international sanctions. The central bank has warned against crypto use.
Tax Type
Capital gains
Tax Type
None
Tax Rate
0-35%
Tax Rate
N/A
Exchanges
Yes
Exchanges
No
Mining
Yes
Mining
No
Regulator
MFSA (Malta Financial Services Authority)
Regulator
Central Bank of Sudan
Stablecoin Rules
Regulated under MFSA VFA framework and EU MiCA
Stablecoin Rules
No stablecoin regulation
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
- Central bank has warned against cryptocurrency use
- Political instability and conflict limit regulatory development
- Historical international sanctions restrict financial access
- No specific cryptocurrency legislation
- Very limited crypto infrastructure