Sweden vs San Marino
Crypto regulation comparison
Sweden
San Marino
Legal
Legal
Cryptocurrency is legal and regulated in Sweden. Crypto capital gains are taxed at a flat 30% rate. Finansinspektionen registers VASPs and oversees compliance. Sweden's Riksbank has been a pioneer in CBDC research with its e-krona project. MiCA applies from December 2024.
San Marino has developed a regulatory framework for blockchain entities. The country has issued licenses for blockchain-based businesses.
Tax Type
Capital gains
Tax Type
Unclear
Tax Rate
30%
Tax Rate
N/A
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
Finansinspektionen (FI)
Regulator
Central Bank of San Marino, AIF (Financial Information Agency)
Stablecoin Rules
Regulated under EU MiCA framework
Stablecoin Rules
No specific stablecoin regulation
Key Points
- Flat 30% tax on crypto capital gains
- Skatteverket (Swedish Tax Agency) actively tracks and taxes crypto; has made bulk data requests to exchanges
- VASPs must register with Finansinspektionen for AML compliance
- Riksbank e-krona CBDC pilot is one of the most advanced in Europe
- MiCA framework applicable from December 2024
Key Points
- Delegated Decree on blockchain technology entities issued
- Licenses issued for blockchain-based businesses
- AIF provides regulatory oversight
- Small jurisdiction working to attract blockchain companies
- Developing comprehensive digital asset regulation