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San Marino vs Taiwan

Crypto regulation comparison

San Marino

San Marino

Taiwan

Taiwan

Legal
Legal

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

Taiwan regulates cryptocurrency under FSC guidance. In 2023, the FSC was designated as the primary regulator for virtual assets. VASPs must register and comply with AML regulations. Taiwan has a vibrant crypto community and several compliant exchanges. Crypto income is subject to income tax at progressive rates.

Tax Type Unclear
Tax Type Income
Tax Rate N/A
Tax Rate 5-40%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Central Bank of San Marino, AIF (Financial Information Agency)
Regulator FSC (Financial Supervisory Commission)
Stablecoin Rules No specific stablecoin regulation
Stablecoin Rules Under FSC guidance; stablecoins treated as virtual assets
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
  • FSC designated as primary crypto regulator in 2023
  • VASPs must comply with AML/CFT rules and register with the FSC
  • Self-regulatory guidelines issued for VASP industry (2023-2024)
  • Crypto income taxed at progressive rates (5-40%)
  • Major exchanges include MaiCoin/MAX, BitoEX/BitoPro