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Mauritius vs Timor-Leste

Crypto regulation comparison

← Back to map | Mauritius | Timor-Leste
Mauritius

Mauritius

Timor-Leste

Timor-Leste

Legal
No Regulation

Mauritius has developed a regulatory framework for virtual assets through the Financial Services Commission. The Virtual Asset and Initial Token Offering Services Act 2021 (VAITOS Act) provides licensing for VASPs. Mauritius positions itself as a fintech-friendly jurisdiction in Africa with a flat 15% income tax rate applicable to crypto income.

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

Tax Type Income
Tax Type None
Tax Rate 15%
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator FSC (Financial Services Commission)
Regulator Banco Central de Timor-Leste
Stablecoin Rules Virtual assets regulated under FSC framework
Stablecoin Rules No stablecoin regulation
Key Points
  • VAITOS Act 2021 provides comprehensive licensing for VASPs
  • FSC issues Class M (custodian), Class O (exchange), Class R (advisory) licenses
  • Flat 15% income tax rate applies to crypto income
  • No separate capital gains tax; gains may be treated as income
  • Mauritius is a member of FATF and complies with international AML standards
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