Seychelles vs Tunisia
Crypto regulation comparison
Seychelles
Tunisia
Legal
Restricted
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.
Tunisia restricts cryptocurrency activities. The Central Bank of Tunisia has not authorized any crypto exchanges, and foreign exchange regulations effectively prohibit crypto transactions. Tunisia's strict capital controls make legal crypto trading very difficult. Despite restrictions, some Tunisians access crypto via P2P platforms and VPNs.
Tax Type
No tax
Tax Type
None
Tax Rate
0%
Tax Rate
N/A
Exchanges
Yes
Exchanges
No
Mining
No
Mining
No
Regulator
Financial Services Authority (FSA)
Regulator
BCT (Banque Centrale de Tunisie)
Stablecoin Rules
Regulated under VASP Act 2024
Stablecoin Rules
No regulation; crypto activities restricted
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
- BCT has not authorized or licensed any crypto exchanges
- Foreign exchange regulations effectively prohibit crypto transactions
- Strict capital controls limit the ability to legally purchase crypto
- No specific crypto legislation — restrictions stem from existing financial laws
- Some informal P2P crypto activity exists despite restrictions