BTC $67,767.00 (+0.99%)
ETH $1,954.56 (-1.34%)
XRP $1.42 (-0.39%)
BNB $610.95 (-0.31%)
SOL $83.42 (+1.33%)
TRX $0.28 (+1.09%)
DOGE $0.10 (+0.37%)
BCH $562.10 (+0.04%)
ADA $0.27 (-0.77%)
LEO $8.59 (-0.62%)
HYPE $29.30 (+2.15%)
XMR $332.74 (+1.31%)
LINK $8.61 (-1.18%)
CC $0.16 (-2.56%)
XLM $0.16 (+0.14%)
RAIN $0.01 (+3.04%)
ZEC $264.45 (+0.71%)
HBAR $0.10 (-0.58%)
LTC $53.37 (+0.23%)
AVAX $9.01 (+1.15%)

Pakistan vs El Salvador

Crypto regulation comparison

← Back to map | Pakistan | El Salvador
Pakistan

Pakistan

El Salvador

El Salvador

Restricted
Legal

Pakistan has a hostile regulatory environment for cryptocurrency. The State Bank of Pakistan has prohibited financial institutions from facilitating crypto transactions, and the government has considered outright bans. Despite this, Pakistan has high informal crypto adoption, ranking among the top countries for P2P crypto volume. The SECP has explored blockchain regulation but no licensing framework exists for exchanges.

El Salvador made history in September 2021 by becoming the first country to adopt Bitcoin as legal tender through the Bitcoin Law. However, under a January 2025 IMF agreement (Decreto 199), El Salvador amended the law to make Bitcoin acceptance by businesses voluntary rather than mandatory, and repealed several articles. There is no capital gains tax on Bitcoin. The CNAD regulates digital assets.

Tax Type None
Tax Type No tax
Tax Rate N/A
Tax Rate 0%
Exchanges No No
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator SBP (State Bank of Pakistan), SECP
Regulator BCR (Banco Central de Reserva), CNAD (Comisión Nacional de Activos Digitales)
Stablecoin Rules No regulation; SBP has not authorized any crypto activities
Stablecoin Rules USD is the primary currency; Bitcoin-specific legislation in place
Key Points
  • SBP prohibits banks and financial institutions from processing crypto transactions
  • No licensing framework for crypto exchanges; operating informally is risky
  • High P2P crypto adoption despite regulatory hostility
  • Government has considered formal banning legislation multiple times
  • SECP has explored digital asset regulation but no framework enacted
Key Points
  • First country to adopt Bitcoin as legal tender in September 2021 via the Bitcoin Law
  • Government developed the Chivo wallet for citizens, offering $30 USD in BTC incentive
  • January 2025 Decreto 199 made merchant Bitcoin acceptance voluntary (IMF condition)
  • No capital gains tax on Bitcoin transactions for individuals
  • Government has been accumulating Bitcoin reserves and launched Bitcoin-backed bonds
Sources
Sources