Nicaragua vs Zambia
Crypto regulation comparison
Nicaragua
Zambia
Legal
No Regulation
Nicaragua regulates virtual assets under Law 1072 (2021) and BCN resolution CD-BCN-XXV-1-22 (2022). VASPs must be licensed by BCN. Crypto gains taxed at 15% capital gains rate.
Zambia has no comprehensive cryptocurrency legislation. The SEC warns the public about unregulated crypto schemes and evaluates whether specific products qualify as securities. The Bank of Zambia's 2024-2027 Strategic Plan includes developing a crypto and stablecoin regulatory framework. Blockchain-based regulatory testing is underway with the SEC and BoZ.
Tax Type
Capital gains
Tax Type
None
Tax Rate
15%
Tax Rate
N/A
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
Banco Central de Nicaragua (BCN)
Regulator
Bank of Zambia, Securities and Exchange Commission
Stablecoin Rules
No stablecoin regulation
Stablecoin Rules
No stablecoin regulation
Key Points
- Law 1072 (2021) defines virtual assets and regulates VASPs
- BCN is designated as the licensing and supervisory authority
- Banks are legally permitted to offer virtual asset services
- Capital gains taxed at 15% on crypto profits
- Government monitors virtual transactions exceeding ,000 since 2025
Key Points
- SEC warns public against unregulated cryptocurrency schemes
- Crypto products regulated only if they meet the definition of a security
- BoZ 2024-2027 Strategic Plan includes crypto and stablecoin regulatory framework
- Blockchain-based regulatory testing underway with SEC and BoZ
- Kwacha is sole legal tender for domestic transactions per 2025 Currency Directives