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Malawi vs Seychelles

Crypto regulation comparison

← Back to map | Malawi | Seychelles
Malawi

Malawi

Seychelles

Seychelles

No Regulation
Legal

Malawi has no specific cryptocurrency regulation. The Reserve Bank of Malawi has issued warnings about crypto risks but has not banned it.

The VASP Act 2024 effective Sept 2024 establishes FSA as regulator for virtual asset service providers. Exchanges require licensing. Mining and mixer/tumbler services are prohibited in Seychelles.

Tax Type None
Tax Type No tax
Tax Rate N/A
Tax Rate 0%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining No No
Regulator Reserve Bank of Malawi
Regulator Financial Services Authority (FSA)
Stablecoin Rules No stablecoin regulation
Stablecoin Rules Regulated under VASP Act 2024
Key Points
  • No specific cryptocurrency legislation
  • Reserve Bank of Malawi warns about crypto risks
  • Crypto not recognized as legal tender
  • Limited crypto infrastructure and adoption
  • No licensing framework for crypto services
Key Points
  • VASP Act 2024 enacted Aug 30, effective Sept 1, 2024
  • FSA licenses and supervises all virtual asset service providers
  • Mining facilities and mixer/tumbler services prohibited
  • VASPs must maintain local office and resident director
  • Licensed IBC VASPs taxed at 1.5% on assessable income
Sources
Sources