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Seychelles vs Syria

Crypto regulation comparison

← Back to map | Seychelles | Syria
Seychelles

Seychelles

Syria

Syria

Legal
Banned

The VASP Act 2024 effective Sept 2024 establishes FSA as regulator for virtual asset service providers. Exchanges require licensing. Mining and mixer/tumbler services are prohibited in Seychelles.

Syria has a restrictive stance on cryptocurrency compounded by international sanctions. The Central Bank has not authorized crypto activities. International sanctions make access to crypto platforms extremely difficult.

Tax Type No tax
Tax Type None
Tax Rate 0%
Tax Rate N/A
Exchanges Yes Yes
Exchanges No No
Mining No No
Mining No No
Regulator Financial Services Authority (FSA)
Regulator Central Bank of Syria
Stablecoin Rules Regulated under VASP Act 2024
Stablecoin Rules No stablecoin regulation
Key Points
  • VASP Act 2024 enacted Aug 30, effective Sept 1, 2024
  • FSA licenses and supervises all virtual asset service providers
  • Mining facilities and mixer/tumbler services prohibited
  • VASPs must maintain local office and resident director
  • Licensed IBC VASPs taxed at 1.5% on assessable income
Key Points
  • Central Bank has not authorized cryptocurrency activities
  • International sanctions severely restrict crypto access
  • No specific cryptocurrency legislation
  • Limited internet infrastructure hampers crypto use
  • Informal crypto usage exists despite restrictions
Sources
Sources