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New Caledonia vs Somalia

Crypto regulation comparison

← Back to map | New Caledonia | Somalia
New Caledonia

New Caledonia

Somalia

Somalia

No Data
No Regulation

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Somalia has no specific cryptocurrency regulation. The fragmented governance structure makes unified regulation extremely difficult. Mobile money dominates the financial landscape.

Tax Type Unclear
Tax Type None
Tax Rate N/A
Tax Rate N/A
Exchanges No No
Exchanges Yes Yes
Mining No No
Mining Yes Yes
Regulator -
Regulator Central Bank of Somalia
Stablecoin Rules -
Stablecoin Rules No stablecoin regulation
Key Points

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Key Points
  • No specific cryptocurrency legislation
  • Fragmented governance limits regulatory development
  • Mobile money dominates informal financial system
  • Very limited formal financial infrastructure
  • No licensing framework for crypto services
Sources

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Sources