Panama vs Sudan
Crypto regulation comparison
Panama
Sudan
Legal
Restricted
Panama passed Law 129 in 2024 regulating crypto assets, virtual asset service providers, and tokenized securities. Panama has no capital gains tax on foreign-sourced or investment income, making it attractive for crypto investors. The law provides a regulatory framework for exchanges and establishes AML/KYC obligations for VASPs.
Sudan has a restrictive financial environment compounded by political instability and historical international sanctions. The central bank has warned against crypto use.
Tax Type
None
Tax Type
None
Tax Rate
0%
Tax Rate
N/A
Exchanges
Yes
Exchanges
No
Mining
Yes
Mining
No
Regulator
SBP (Superintendencia de Bancos de Panamá), SMV
Regulator
Central Bank of Sudan
Stablecoin Rules
No specific stablecoin regulation
Stablecoin Rules
No stablecoin regulation
Key Points
- Law 129 (2024) regulates crypto assets and VASPs in Panama
- No capital gains tax on investment or foreign-sourced income (territorial tax system)
- VASPs must comply with AML/KYC requirements under the new framework
- Crypto payments for commercial transactions are permitted
- Panama's territorial tax system means crypto gains from international trading are untaxed
Key Points
- Central bank has warned against cryptocurrency use
- Political instability and conflict limit regulatory development
- Historical international sanctions restrict financial access
- No specific cryptocurrency legislation
- Very limited crypto infrastructure