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Palau vs Solomon Islands

Crypto regulation comparison

← Back to map | Palau | Solomon Islands
Palau

Palau

Solomon Islands

Solomon Islands

Legal
No Regulation

Palau has explored blockchain technology and launched a stablecoin program in partnership with Ripple. No income or capital gains tax.

Solomon Islands has no specific cryptocurrency regulation.

Tax Type No tax
Tax Type None
Tax Rate 0%
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Financial Institutions Commission
Regulator Central Bank of Solomon Islands
Stablecoin Rules No specific stablecoin regulation
Stablecoin Rules No stablecoin regulation
Key Points
  • Exploring national stablecoin in partnership with Ripple
  • No income or capital gains tax
  • Uses the US dollar as official currency
  • Small but forward-looking approach to digital assets
  • Limited domestic crypto infrastructure
Key Points
  • No specific cryptocurrency legislation
  • Central bank has not addressed crypto regulation
  • Very limited internet infrastructure
  • Minimal crypto adoption
  • No licensing framework for crypto services
Sources
Sources