BTC $66,899.00 (+0.88%)
ETH $1,943.82 (-0.18%)
XRP $1.40 (-1.24%)
BNB $606.27 (+0.32%)
SOL $82.27 (+1.09%)
TRX $0.28 (+2.18%)
DOGE $0.10 (-0.37%)
BCH $561.35 (+1.04%)
ADA $0.27 (-0.50%)
LEO $8.68 (+1.88%)
HYPE $28.93 (+1.07%)
XMR $334.88 (+1.96%)
LINK $8.52 (-0.54%)
CC $0.16 (-4.98%)
XLM $0.16 (-1.94%)
RAIN $0.01 (+0.87%)
ZEC $262.60 (-0.95%)
HBAR $0.10 (-1.87%)
LTC $52.56 (-1.16%)
AVAX $8.89 (+0.44%)

Netherlands vs Uganda

Crypto regulation comparison

← Back to map | Netherlands | Uganda
Netherlands

Netherlands

Uganda

Uganda

Legal
Restricted

The Netherlands has one of Europe's strictest crypto regulatory regimes. DNB has overseen VASP registration since 2020 under the Dutch AML/CFT Act (Wwft), and many applications have been rejected. The Netherlands does not tax realized capital gains directly; instead, crypto holdings are taxed under the Box 3 wealth tax based on a deemed return on net assets. The AFM oversees market conduct. MiCA is now the governing framework.

Uganda restricts cryptocurrency. The Bank of Uganda issued a 2022 circular (NPSD 306) barring licensed payment service providers from facilitating crypto transactions. A 2023 High Court ruling upheld the circular, declaring cryptocurrencies illegal under the National Payment Systems Act 2020. No crypto exchanges are licensed to operate. Informal P2P crypto activity exists despite restrictions.

Tax Type Wealth
Tax Type None
Tax Rate ~1.2-1.6% (deemed return)
Tax Rate N/A
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining Yes Yes
Regulator DNB (De Nederlandsche Bank), AFM (Autoriteit Financiële Markten)
Regulator BOU (Bank of Uganda), CMA Uganda
Stablecoin Rules Regulated under EU MiCA framework; DNB oversight
Stablecoin Rules No regulation
Key Points
  • DNB requires VASP registration under the Wwft (AML Act); rigorous approval process
  • Only a limited number of VASPs have obtained DNB registration (many rejected or withdrawn)
  • Crypto taxed under Box 3 wealth tax: deemed return on net assets taxed at ~31-36% (effective ~1.2-1.6%)
  • AFM regulates crypto advertising and market conduct; banned crypto ads targeting retail in 2022
  • MiCA framework applicable from December 2024, transitioning from national DNB regime
Key Points
  • BOU Circular NPSD 306 (April 2022) bars licensed entities from facilitating crypto
  • 2023 High Court ruled cryptocurrencies illegal under National Payment Systems Act 2020
  • Growing crypto adoption, particularly for cross-border transactions
  • No specific crypto taxation rules
  • Financial Intelligence Authority requires VASPs to comply with AML laws
Sources
Sources