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Papua New Guinea vs Taiwan

Crypto regulation comparison

← Back to map | Papua New Guinea | Taiwan
Papua New Guinea

Papua New Guinea

Taiwan

Taiwan

No Regulation
Legal

Papua New Guinea has no specific cryptocurrency regulation. The central bank has not issued formal guidance on crypto.

Taiwan regulates cryptocurrency under FSC guidance. In 2023, the FSC was designated as the primary regulator for virtual assets. VASPs must register and comply with AML regulations. Taiwan has a vibrant crypto community and several compliant exchanges. Crypto income is subject to income tax at progressive rates.

Tax Type None
Tax Type Income
Tax Rate N/A
Tax Rate 5-40%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Bank of Papua New Guinea
Regulator FSC (Financial Supervisory Commission)
Stablecoin Rules No stablecoin regulation
Stablecoin Rules Under FSC guidance; stablecoins treated as virtual assets
Key Points
  • No specific cryptocurrency legislation
  • Central bank has not issued formal crypto guidance
  • Limited internet and financial infrastructure
  • Minimal crypto adoption
  • No licensing framework for crypto services
Key Points
  • FSC designated as primary crypto regulator in 2023
  • VASPs must comply with AML/CFT rules and register with the FSC
  • Self-regulatory guidelines issued for VASP industry (2023-2024)
  • Crypto income taxed at progressive rates (5-40%)
  • Major exchanges include MaiCoin/MAX, BitoEX/BitoPro
Sources
Sources