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Venezuela vs Zambia

Crypto regulation comparison

← Back to map | Venezuela | Zambia
Venezuela

Venezuela

Zambia

Zambia

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.

Zambia has no comprehensive cryptocurrency legislation. The SEC warns the public about unregulated crypto schemes and evaluates whether specific products qualify as securities. The Bank of Zambia's 2024-2027 Strategic Plan includes developing a crypto and stablecoin regulatory framework. Blockchain-based regulatory testing is underway with the SEC and BoZ.

Tax Type Income
Tax Type None
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 Bank of Zambia, Securities and Exchange Commission
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
  • SEC warns public against unregulated cryptocurrency schemes
  • Crypto products regulated only if they meet the definition of a security
  • BoZ 2024-2027 Strategic Plan includes crypto and stablecoin regulatory framework
  • Blockchain-based regulatory testing underway with SEC and BoZ
  • Kwacha is sole legal tender for domestic transactions per 2025 Currency Directives
Sources
Sources