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Venezuela vs Samoa

Crypto regulation comparison

← Back to map | Venezuela | Samoa
Venezuela

Venezuela

Samoa

Samoa

Legal
No Regulation

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.

Samoa has no specific cryptocurrency regulation. The central bank has cautioned about crypto risks.

Tax Type Income
Tax Type Unclear
Tax Rate Up to 34%
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator SUNACRIP (Superintendencia Nacional de Criptoactivos)
Regulator Central Bank of Samoa
Stablecoin Rules Government launched Petro (PTR) state crypto (discontinued); SUNACRIP regulated stablecoins
Stablecoin Rules No stablecoin regulation
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%
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
Sources
Sources