Tuvalu vs Taiwan
Crypto regulation comparison
Tuvalu
Taiwan
Tuvalu has no specific cryptocurrency regulation. Uses the Australian dollar.
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.
Key Points
- No specific cryptocurrency legislation
- Uses the Australian dollar
- Very limited financial and internet infrastructure
- Minimal crypto adoption
- No licensing framework for crypto services
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