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Saudi Arabia vs Trinidad and Tobago

Crypto regulation comparison

← Back to map | Saudi Arabia | Trinidad and Tobago
Saudi Arabia

Saudi Arabia

Trinidad and Tobago

Trinidad and Tobago

Restricted
Restricted

Saudi Arabia has an ambiguous but generally restrictive approach to cryptocurrency. SAMA has not licensed any crypto exchanges, and financial institutions are warned against dealing in crypto. However, crypto is not explicitly banned by law, and Saudi Arabia has participated in blockchain initiatives (Project Aber with the UAE central bank). No personal income or capital gains tax exists in Saudi Arabia.

Trinidad and Tobago's crypto sector is largely unregulated. The Central Bank, TTSEC, and FIU jointly warned in 2019 that crypto providers are neither regulated nor supervised. A 2025 Virtual Assets Bill proposes banning crypto transactions until December 2027 with fines up to M TTD. Most banks block crypto purchases.

Tax Type None
Tax Type Unclear
Tax Rate 0%
Tax Rate N/A
Exchanges No No
Exchanges No No
Mining Yes Yes
Mining Yes Yes
Regulator SAMA (Saudi Arabian Monetary Authority), CMA Saudi Arabia
Regulator Central Bank of Trinidad and Tobago (CBTT), TTSEC
Stablecoin Rules No regulation; crypto trading not authorized
Stablecoin Rules No stablecoin regulation
Key Points
  • SAMA has not authorized or licensed any cryptocurrency exchanges
  • Financial institutions warned against crypto transactions
  • Crypto not explicitly banned but not regulated; exists in a legal gray area
  • No personal income or capital gains tax in Saudi Arabia
  • Saudi Arabia participated in CBDC experiments (Project Aber with UAE)
Key Points
  • Joint 2019 advisory: crypto providers neither regulated nor supervised
  • Virtual Assets Bill 2025 proposes ban on crypto transactions until December 2027
  • Most commercial banks block crypto-related transactions
  • Proposed fines up to M TTD for unauthorized virtual asset activities
  • TTSEC designated as primary regulator under proposed legislation
Sources
Sources