Dominican Republic Compliance Report

Regulatory Overview

Regulatory Status

Regulators have not addressed crypto; legal status ambiguous

Key Regulator(s)

Superintendency of Banks, Public Ministry, Central Bank, Various EU Regulations and Council

Primary Legislation

Law No. 155-17 Against Money Laundering and Terrorism Financing, t a dedicated crypto regulation, their oversight aligns with the Central Bank, Ley No. 155-17 contra el Lavado de Activos y el Financiamiento del Terrorismo, The SIMV operates under the Ley del Mercado de Valores No. 249-17. This is the f, volatility, lack of regulation, potential for fraud, cyberattacks

Travel Rule

Not adopted

Tax Reporting

For Individuals (Persona Física): If an individual sells cryptocurrency for a profit, it would likely be considered "other income" and subject to the progressive income tax rates:. Up to DOP 416,220.00 per year: Exempt. From DOP 416,220.01 to DOP 624,329.00: 15% on the excess over DOP 416,220.00. From DOP 624,329.01 to DOP 867,123.00: 20% on the excess over DOP 624,329.01, plus DOP 31,216.00. Over DOP 867,123.01: 25% on the excess over DOP 867,123.01, plus DOP 78,162.00

Key Facts

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