Seychelles vs Kosovo
Crypto regulation comparison
Seychelles
Kosovo
Legal
Legal
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.
Kosovo banned crypto mining in 2022 due to energy crisis but crypto trading remains legal. The Central Bank has warned about crypto risks.
Tax Type
No tax
Tax Type
Income
Tax Rate
0%
Tax Rate
0-10%
Exchanges
Yes
Exchanges
Yes
Mining
No
Mining
No
Regulator
Financial Services Authority (FSA)
Regulator
Central Bank of Kosovo
Stablecoin Rules
Regulated under VASP Act 2024
Stablecoin Rules
No specific 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
- Crypto mining banned in 2022 due to energy crisis
- Crypto trading and holding remain legal
- Central Bank has warned about crypto risks
- Income from crypto subject to taxation
- Growing crypto adoption despite mining ban