Taiwan vs Samoa
Crypto regulation comparison
Taiwan
Samoa
Legal
No Regulation
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.
Samoa has no specific cryptocurrency regulation. The central bank has cautioned about crypto risks.
Tax Type
Income
Tax Type
Unclear
Tax Rate
5-40%
Tax Rate
N/A
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
FSC (Financial Supervisory Commission)
Regulator
Central Bank of Samoa
Stablecoin Rules
Under FSC guidance; stablecoins treated as virtual assets
Stablecoin Rules
No stablecoin 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
Key Points
- No specific cryptocurrency legislation
- Central bank has cautioned about crypto risks
- Crypto not recognized as legal tender
- Limited crypto adoption
- No licensing framework for crypto services