Country overview

#98

Nicaragua

Country stats

Rating Points

110

This indicator describes the overall rating of a given jurisdiction on several parameters according to cryptocurrency operations - market volume, crypto regulation, business climate, taxation framework.

Crypto Penetration

1.24%

Estimated percentage of crypto users out of the country's total population based on public data.

Legal Entities

Number of crypto companies registered in the country based on regulator data if available or other types of public data.

Regulation Points

An overall assessment of the granularity of crypto regulation in a given country. A high score is also given to countries where cryptocurrency transactions are highly regulated.

Amount of crypto users

87 095

Total amount of crypto users out of the country's total population based on public data.

Taxation points

This figure, according to our analysts' calculations, indicates the overall level of tax burden for cryptocurrency transactions in a given country. The higher the indicator, the lower the burden.

Market volume points

A rough estimate of this jurisdiction's retail crypto market relative to the rest of the world. The higher the indicator, the higher the market potential.

Status of crypto

Legally allowed

General status of cryptocurrency regulation in this jurisdiction.

Crypto payments

No info

The legal status of cryptocurrency payments for goods and services in a given country based on information from regulators, public data and feedback from our community.

Security Level

Considerable danger

The overall level of security in a given country based on open data.

Crypto Salaries

No regulation

The legal status of cryptocurrency salaries to employers in a given country based on information from regulators, public data and feedback from our community.

Business Climate

Difficult

Overall assessment of the friendliness of this country for crypto-business. This indicator takes into account the cost of obtaining a license and the attitude towards crypto entities in the country.

Stablecoin Regulation

No info

This indicator is evaluating the regulation of stablecoins in a given country. Complex regulation means that it is possible to issue steiblcoins and obtain a license for this activity. Basic regulation means that the issuance of stablecoins is possible, but not all legal aspects are defined in the law. Standard regulation means that there is a legal practice of steylcoin circulation in a given country.

Bad Factors

This section describes the unfavorable economic factors for crypto-business in a given country. These are countries that are under sanctions or on the FATF grey list and other factors.

Types of licenses

Fintech

This indicator means that in a given country, companies with fintech licenses (financial services) can legally transact with crypto assets and the country has appropriate licensing procedures.

Good

Medium

Bad

intro

This is general info about crypto regulation in Nicaragua. A more precise overview will be published later. However, if you find any inaccuracy or have other feedback - please write us in telegram @ilya_ii or by e-mail - editor@cryptopenetration.com

Based on Wikipedia (1) Nicaragua is a country located in Central America. It has a population of 6.5 million people and an area of 130,000 km².

Citizens (2) of some countries are allowed to visit Nicaragua without a visa for a period of 90 days only with a valid passport. There is no digital nomad visa for Nicaragua. It's also relatively easy to get permanent residence in Nicaragua, if you invest more than $30,000 in the real estate or business. To become a citizen of Nicaragua by naturalization you need to live in the country for four years.

Security level

Nicaragua has a considerable danger security level according to our rating. Jurisdiction has 47.8 points (from 100) for safety level in Numbeo crime rating (3). The homicide level (4) is 11.0 per 100,000 inhabitants a year. Level of firearm-related death (5) 2.0 per 100,000 inhabitants a year.

Crypto Payments

There is no information about crypto payments in Nicaragua.

Crypto Salaries

There is no information about the legality of paying salaries in cryptocurrency in Nicaragua.

Legal

Nicaragua has crypto regulation (6) since 2020 - than the Central Bank of Nicaragua (BCN) has implemented legislation (7) for fintech services including VASPs. In 2021 local assembly has approved amendments into the Law on Money Laundering and General Law of Banks, Non-Banking Financial Institutions and Financial Groups. This legislation regulates VASPs and the Central Bank of Nicaragua (BCN) is the regulator, there crypto entities should register their activity in the country. Financial Analysis Unit (UAF) audits AML compliance. Under this law banks also can provide crypto services.

Taxation

There is no special taxation procedure (8) for crypto activities in Nicaragua. The headline corporate capital gains tax rate is 15%. The headline CIT rate is 30%. The headline PIT rate for residents is 30%, but for non-residents is 20%.

Links

1)👉🏻Nicaragua. Wikipedia

2)👉🏻Visa for Nicaragua

3)👉🏻Crime Index by Country 2023 Mid-Year

4)👉🏻List of countries by intentional homicide rate

5)👉🏻List of countries by firearm-related death rate

6)👉🏻Nicaragua opts to start regulating virtual assets

7)👉🏻REGULATION OF FINANCIAL TECHNOLOGY PROVIDERS OF PAYMENT SERVICES AND VIRTUAL ASSET SERVICE PROVIDERS

8)👉🏻 Nicaragua. PWC Overview

Articles

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