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Palau vs Tonga

Crypto regulation comparison

← Back to map | Palau | Tonga
Palau

Palau

Tonga

Tonga

Legal
No Regulation

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

Tonga has no specific cryptocurrency regulation. There has been legislative interest in adopting Bitcoin as legal tender but no legislation has been enacted.

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 National Reserve Bank of Tonga
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
  • Legislative interest in Bitcoin legal tender discussed
  • National Reserve Bank provides monetary oversight
  • Limited crypto infrastructure
  • No licensing framework for crypto services
Sources
Sources