BTC $67,931.00 (-0.32%)
ETH $1,966.34 (-0.42%)
XRP $1.41 (-2.15%)
BNB $620.81 (-1.51%)
SOL $84.45 (-0.96%)
TRX $0.29 (+0.96%)
DOGE $0.10 (-3.53%)
BCH $570.65 (+0.25%)
ADA $0.27 (-3.36%)
LEO $8.20 (-5.16%)
HYPE $29.29 (-2.21%)
LINK $8.76 (-1.81%)
CC $0.16 (-1.29%)
XMR $319.10 (-2.54%)
XLM $0.16 (-4.64%)
RAIN $0.01 (+0.54%)
HBAR $0.10 (-2.43%)
LTC $54.07 (-1.96%)
ZEC $248.64 (-4.23%)
AVAX $8.93 (-3.72%)

El Salvador vs Uzbekistan

Crypto regulation comparison

← Back to map | El Salvador | Uzbekistan
El Salvador

El Salvador

Uzbekistan

Uzbekistan

Legal
Legal

El Salvador made history in September 2021 by becoming the first country to adopt Bitcoin as legal tender through the Bitcoin Law. However, under a January 2025 IMF agreement (Decreto 199), El Salvador amended the law to make Bitcoin acceptance by businesses voluntary rather than mandatory, and repealed several articles. There is no capital gains tax on Bitcoin. The CNAD regulates digital assets.

Uzbekistan has actively regulated crypto since 2018, when it established the NAPM (initially NAPCI) to oversee virtual assets. Licensed crypto exchanges operate in a regulatory sandbox. Individual crypto trading profits are exempt from tax. Uzbekistan has also established a state-backed mining pool and licensing regime for miners, leveraging its energy resources.

Tax Type No tax
Tax Type None
Tax Rate 0%
Tax Rate 0%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator BCR (Banco Central de Reserva), CNAD (Comisión Nacional de Activos Digitales)
Regulator NAPM (National Agency for Prospective Projects)
Stablecoin Rules USD is the primary currency; Bitcoin-specific legislation in place
Stablecoin Rules Regulated under NAPM virtual asset framework
Key Points
  • First country to adopt Bitcoin as legal tender in September 2021 via the Bitcoin Law
  • Government developed the Chivo wallet for citizens, offering $30 USD in BTC incentive
  • January 2025 Decreto 199 made merchant Bitcoin acceptance voluntary (IMF condition)
  • No capital gains tax on Bitcoin transactions for individuals
  • Government has been accumulating Bitcoin reserves and launched Bitcoin-backed bonds
Key Points
  • NAPM oversees virtual asset regulation and licensing
  • Licensed exchanges operate under regulatory framework since 2018
  • Individual crypto trading exempt from income tax
  • State-backed mining pool and licensing for crypto miners
  • Only licensed platforms can offer crypto services; unlicensed platforms blocked
Sources
Sources