Algeria Compliance Report

Regulatory Overview

Regulatory Status

Regulators have not addressed crypto; legal status ambiguous

Key Regulator(s)

Bank of Algeria, Algerian Prime Ministry

Primary Legislation

2018 Finance Law, You would need to navigate to the year 2017, issue 76 to find the full text of the law, While the prohibition is embedded in the Finance Law, the Central Bank often iss, Law No. 18-13 of December 28, 2018, bearing the Finance Law for 2019 (Loi n° 18-, Article 117 of this law explicitly criminalizes the use and trading of virtual c, Ordinance No. 03-04 of July 19, 2003, on Capital Markets (Ordonnance n° 03-04 du

Travel Rule

Adopted — Threshold: Implemented

Tax Reporting

"The purchase, sale, and use of so-called virtual currency are prohibited. Any violation of this provision is punishable in accordance with the laws and regulations in force.". Capital Gains Tax Rates on Crypto:. None. Since the purchase, sale, and use of virtual currency are prohibited, there are no legal grounds for capital gains to be recognized or taxed. Any gains derived from illegal activities would not be considered taxable income in the conventional sense but rather potential proceeds from a criminal act, subject to confiscation, fines, or other penalties under relevant financial crime legislation.. Income Tax on Crypto:. None. Similarly, income derived from activities involving virtual currencies (e.g., mining, trading, staking, or receiving crypto as payment for goods/services) is not recognized as legitimate income for tax purposes. Engaging in such activities is illegal and could lead to penalties rather than income tax obligations.

Key Facts

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