Puerto Rico vs Tanzania
Crypto regulation comparison
Puerto Rico
Tanzania
No Data
Partially Regulated
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Tanzania's regulatory stance on crypto is evolving. The Bank of Tanzania warned against crypto in 2019, but the 2024 Finance Act introduced a 3% withholding tax on digital asset transactions — Tanzania's first legal recognition of crypto. A December 2024 High Court ruling held that taxed crypto transactions cannot be deemed unlawful. No comprehensive regulatory framework exists yet.
Tax Type
Unclear
Tax Type
Income
Tax Rate
N/A
Tax Rate
3% withholding tax
Exchanges
No
Exchanges
Yes
Mining
No
Mining
No
Regulator
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Regulator
Bank of Tanzania
Stablecoin Rules
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Stablecoin Rules
No stablecoin regulation
Key Points
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Key Points
- Bank of Tanzania warned against crypto trading in 2019 public notice
- Finance Act 2024 introduced 3% withholding tax on digital asset transactions
- December 2024 High Court ruled taxed crypto transactions are not unlawful
- An estimated 2.3 million Tanzanians own cryptocurrency
- Bank of Tanzania exploring central bank digital currency (CBDC)
Sources
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