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Malta vs Timor-Leste

Crypto regulation comparison

← Back to map | Malta | Timor-Leste
Malta

Malta

Timor-Leste

Timor-Leste

Legal
No Regulation

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.

Timor-Leste has no specific cryptocurrency regulation. Uses the US dollar as its official currency.

Tax Type Capital gains
Tax Type None
Tax Rate 0-35%
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator MFSA (Malta Financial Services Authority)
Regulator Banco Central de Timor-Leste
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
  • No specific cryptocurrency legislation
  • Uses the US dollar as official currency
  • Central bank has not addressed crypto regulation
  • Very limited financial infrastructure
  • Minimal crypto adoption
Sources
Sources