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Panama vs Zimbabwe

Crypto regulation comparison

← Back to map | Panama | Zimbabwe
Panama

Panama

Zimbabwe

Zimbabwe

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.

Zimbabwe has restricted cryptocurrency through its central bank. The RBZ banned financial institutions from processing crypto transactions in 2018. However, in a unique move, the RBZ issued gold-backed digital tokens (ZiG tokens) in 2023 as a store of value. Zimbabwe has a history of currency instability (hyperinflation, currency collapses) which drives informal crypto adoption for hedging and remittances.

Tax Type None
Tax Type None
Tax Rate 0%
Tax Rate N/A
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining Yes Yes
Regulator SBP (Superintendencia de Bancos de Panamá), SMV
Regulator RBZ (Reserve Bank of Zimbabwe)
Stablecoin Rules No specific stablecoin regulation
Stablecoin Rules No private stablecoin regulation; RBZ introduced gold-backed ZiG digital token as state currency
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
  • RBZ banned banks and financial institutions from servicing crypto in 2018
  • RBZ issued gold-backed digital tokens (ZiG) in 2023 as a CBDC-like instrument
  • No licensing framework for crypto exchanges
  • Informal crypto adoption driven by currency instability and remittance needs
  • Crypto ownership itself is not explicitly criminalized for individuals
Sources
Sources