Peru vs Trinidad and Tobago
Crypto regulation comparison
Peru
Trinidad and Tobago
Legal
Restricted
Cryptocurrency is legal in Peru but lacks comprehensive regulation. The SBS (Superintendencia de Banca, Seguros y AFP) oversees AML requirements. Peru has growing crypto adoption, particularly for remittances. Crypto gains are subject to capital gains tax at 5% for the first 5 UIT and at higher rates for larger amounts.
Trinidad and Tobago's crypto sector is largely unregulated. The Central Bank, TTSEC, and FIU jointly warned in 2019 that crypto providers are neither regulated nor supervised. A 2025 Virtual Assets Bill proposes banning crypto transactions until December 2027 with fines up to M TTD. Most banks block crypto purchases.
Tax Type
Capital gains
Tax Type
Unclear
Tax Rate
5-30%
Tax Rate
N/A
Exchanges
Yes
Exchanges
No
Mining
Yes
Mining
Yes
Regulator
SBS, SMV, BCRP (Central Reserve Bank of Peru)
Regulator
Central Bank of Trinidad and Tobago (CBTT), TTSEC
Stablecoin Rules
No specific stablecoin regulation
Stablecoin Rules
No stablecoin regulation
Key Points
- No specific crypto legislation; general financial laws apply
- Capital gains tax applies to crypto profits (5% for securities, up to 30% for other income)
- SBS requires AML/KYC compliance for entities dealing in crypto
- Growing crypto adoption for remittances and as a store of value
- BCRP has warned about crypto risks but not imposed a ban
Key Points
- Joint 2019 advisory: crypto providers neither regulated nor supervised
- Virtual Assets Bill 2025 proposes ban on crypto transactions until December 2027
- Most commercial banks block crypto-related transactions
- Proposed fines up to M TTD for unauthorized virtual asset activities
- TTSEC designated as primary regulator under proposed legislation