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San Marino vs Timor-Leste

Crypto regulation comparison

← Back to map | San Marino | Timor-Leste
San Marino

San Marino

Timor-Leste

Timor-Leste

Legal
No Regulation

San Marino has developed a regulatory framework for blockchain entities. The country has issued licenses for blockchain-based businesses.

Timor-Leste has no specific cryptocurrency regulation. Uses the US dollar as its official currency.

Tax Type Unclear
Tax Type None
Tax Rate N/A
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Central Bank of San Marino, AIF (Financial Information Agency)
Regulator Banco Central de Timor-Leste
Stablecoin Rules No specific stablecoin regulation
Stablecoin Rules No stablecoin regulation
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
Key Points
  • No specific cryptocurrency legislation
  • Uses the US dollar as official currency
  • Central bank has not addressed crypto regulation
  • Very limited financial infrastructure
  • Minimal crypto adoption
Sources
Sources