BTC $66,632.00 (+1.05%)
ETH $1,927.70 (+0.65%)
XRP $1.38 (-0.86%)
BNB $601.88 (+0.78%)
SOL $82.05 (+2.81%)
TRX $0.28 (+1.85%)
DOGE $0.10 (-0.76%)
BCH $544.53 (+0.35%)
ADA $0.27 (+0.36%)
LEO $8.71 (+0.70%)
HYPE $28.75 (+2.54%)
XMR $330.76 (+1.11%)
LINK $8.48 (+0.88%)
CC $0.16 (-1.14%)
XLM $0.16 (+0.07%)
RAIN $0.01 (-0.90%)
ZEC $254.83 (-0.96%)
HBAR $0.10 (+1.08%)
LTC $52.91 (+2.04%)
AVAX $8.95 (+2.79%)

Mauritius vs Tanzania

Crypto regulation comparison

← Back to map | Mauritius | Tanzania
Mauritius

Mauritius

Tanzania

Tanzania

Legal
Partially Regulated

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.

Tanzania's regulatory stance on crypto is evolving. The Bank of Tanzania warned against crypto in 2019, but the 2024 Finance Act introduced a 3% withholding tax on digital asset transactions — Tanzania's first legal recognition of crypto. A December 2024 High Court ruling held that taxed crypto transactions cannot be deemed unlawful. No comprehensive regulatory framework exists yet.

Tax Type Income
Tax Type Income
Tax Rate 15%
Tax Rate 3% withholding tax
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining No No
Regulator FSC (Financial Services Commission)
Regulator Bank of Tanzania
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
  • Bank of Tanzania warned against crypto trading in 2019 public notice
  • Finance Act 2024 introduced 3% withholding tax on digital asset transactions
  • December 2024 High Court ruled taxed crypto transactions are not unlawful
  • An estimated 2.3 million Tanzanians own cryptocurrency
  • Bank of Tanzania exploring central bank digital currency (CBDC)
Sources
Sources