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Seychelles vs Yemen

Crypto regulation comparison

← Back to map | Seychelles | Yemen
Seychelles

Seychelles

Yemen

Yemen

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.

Yemen has a restrictive environment for cryptocurrency due to ongoing conflict and fragmented governance. The Central Bank has warned against crypto use. International sanctions further restrict access.

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 Yemen
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 warned against cryptocurrency use
  • Ongoing conflict limits regulatory development
  • International sanctions restrict access to crypto platforms
  • No specific cryptocurrency legislation
  • Very limited crypto infrastructure
Sources
Sources