BTC $66,392.00 (-1.92%)
ETH $1,946.16 (-2.70%)
XRP $1.42 (-3.85%)
BNB $604.74 (-2.30%)
SOL $81.36 (-4.60%)
TRX $0.28 (-1.23%)
DOGE $0.10 (-2.34%)
BCH $555.05 (-2.08%)
ADA $0.27 (-3.05%)
LEO $8.52 (-1.95%)
HYPE $28.40 (-4.49%)
CC $0.17 (+0.60%)
LINK $8.58 (-3.40%)
XMR $326.89 (-2.61%)
XLM $0.16 (-3.31%)
RAIN $0.01 (-3.12%)
ZEC $264.04 (-8.50%)
HBAR $0.10 (-2.74%)
LTC $53.17 (-1.81%)
AVAX $8.85 (-3.59%)

Paraguay vs Zimbabwe

Crypto regulation comparison

← Back to map | Paraguay | Zimbabwe
Paraguay

Paraguay

Zimbabwe

Zimbabwe

Legal
Restricted

Paraguay has no specific comprehensive crypto law. President Abdo vetoed a crypto regulation bill in 2022. The BCP does not recognize crypto as legal tender. VASPs must register with SEPRELAD for AML compliance since 2020. Paraguay is a significant crypto mining hub due to cheap hydroelectric power from the Itaipu Dam, though bills to restrict mining due to energy theft have been debated.

Zimbabwe has restricted cryptocurrency through its central bank. The RBZ banned financial institutions from processing crypto transactions in 2018. However, in a unique move, the RBZ issued gold-backed digital tokens (ZiG tokens) in 2023 as a store of value. Zimbabwe has a history of currency instability (hyperinflation, currency collapses) which drives informal crypto adoption for hedging and remittances.

Tax Type Income
Tax Type None
Tax Rate 8-10%
Tax Rate N/A
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining Yes Yes
Regulator BCP (Banco Central del Paraguay), SEPRELAD
Regulator RBZ (Reserve Bank of Zimbabwe)
Stablecoin Rules No specific stablecoin regulation
Stablecoin Rules No private stablecoin regulation; RBZ introduced gold-backed ZiG digital token as state currency
Key Points
  • No comprehensive crypto law enacted; 2022 bill was vetoed by President Abdo
  • Major crypto mining hub thanks to cheap hydroelectric power (Itaipu Dam)
  • VASPs must register with SEPRELAD (anti-money laundering secretariat)
  • Income from crypto activities subject to 8-10% tax rates
  • ANDE (national electricity authority) regulates power consumption for mining operations
Key Points
  • RBZ banned banks and financial institutions from servicing crypto in 2018
  • RBZ issued gold-backed digital tokens (ZiG) in 2023 as a CBDC-like instrument
  • No licensing framework for crypto exchanges
  • Informal crypto adoption driven by currency instability and remittance needs
  • Crypto ownership itself is not explicitly criminalized for individuals
Sources
Sources