BTC $68,087.00 (-0.15%)
ETH $1,977.92 (+0.24%)
XRP $1.42 (-1.27%)
BNB $624.06 (-0.85%)
SOL $85.22 (+0.21%)
TRX $0.29 (+0.93%)
DOGE $0.10 (-2.80%)
BCH $571.59 (+0.38%)
ADA $0.28 (-2.73%)
LEO $8.19 (-4.32%)
HYPE $29.64 (-2.40%)
LINK $8.83 (-1.07%)
CC $0.16 (+0.26%)
XMR $323.14 (-1.90%)
XLM $0.16 (-3.96%)
RAIN $0.01 (-0.07%)
HBAR $0.10 (-1.59%)
LTC $54.73 (-0.75%)
ZEC $252.39 (-3.68%)
AVAX $9.03 (-2.51%)

Uganda vs Venezuela

Crypto regulation comparison

← Back to map | Uganda | Venezuela
Uganda

Uganda

Venezuela

Venezuela

Restricted
Legal

Uganda restricts cryptocurrency. The Bank of Uganda issued a 2022 circular (NPSD 306) barring licensed payment service providers from facilitating crypto transactions. A 2023 High Court ruling upheld the circular, declaring cryptocurrencies illegal under the National Payment Systems Act 2020. No crypto exchanges are licensed to operate. Informal P2P crypto activity exists despite restrictions.

Venezuela has a unique crypto history. The government launched the Petro (PTR) state cryptocurrency in 2018, backed by oil reserves, though it was widely considered a failure and discontinued. SUNACRIP regulates crypto activities and has licensed mining operations. Venezuelans have high crypto adoption due to hyperinflation, with USDT widely used as a de facto currency. Crypto mining requires a SUNACRIP license.

Tax Type None
Tax Type Income
Tax Rate N/A
Tax Rate Up to 34%
Exchanges No No
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator BOU (Bank of Uganda), CMA Uganda
Regulator SUNACRIP (Superintendencia Nacional de Criptoactivos)
Stablecoin Rules No regulation
Stablecoin Rules Government launched Petro (PTR) state crypto (discontinued); SUNACRIP regulated stablecoins
Key Points
  • BOU Circular NPSD 306 (April 2022) bars licensed entities from facilitating crypto
  • 2023 High Court ruled cryptocurrencies illegal under National Payment Systems Act 2020
  • Growing crypto adoption, particularly for cross-border transactions
  • No specific crypto taxation rules
  • Financial Intelligence Authority requires VASPs to comply with AML laws
Key Points
  • SUNACRIP regulates crypto exchanges, mining, and service providers
  • Government-backed Petro cryptocurrency launched in 2018, largely discontinued
  • Crypto mining requires SUNACRIP license and registration
  • Very high crypto adoption driven by hyperinflation; USDT widely used
  • Income from crypto subject to progressive tax rates up to 34%
Sources
Sources