Country overview

#140
Tonga

Country stats

Rating Points
35
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%
Estimated percentage of crypto users out of the country's total population based on public data.
Legal Entities
0
Number of crypto companies registered in the country based on regulator data if available or other types of public data.
Regulation Points
0
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
1 000
Total amount of crypto users out of the country's total population based on public data.
Taxation points
20
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
0
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
No info
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
Minor danger
The overall level of security in a given country based on open data.
Crypto Salaries
No info
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
No info
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
No
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
No licenses exist
Good
Medium
Bad
intro

This is general info about crypto regulation in Tonga. 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 

Tonga is a country in Oceania. The total area of the islands that make up the country is 748 km2, and the population is 100,000 people based on Wikipedia (1).

Visitors to Tonga must obtain a visa unless they come from one of the visa-exempt countries or countries eligible for visa waiver on arrival (free VOA). All visitors must have a passport valid for 6 months according to Wikipedia (2).

Based on TongaPocketGuide (3) it’s possible to get residence permit in the country by the following types: business visa, student visa, employment visa. Also there is a passive income visa called “Assured Income Visa” and it requires at least $4,180 annual income ($TOP 10,000).

Based on Visit World (4) it’s essential to live in Tonga for five years to get citizenship by naturalization.

Security level

Tonga has a minor danger security level according to our rating. The Homicide level (5) is 1.0 per 100,000 inhabitants a year. 

Crypto Payments

In 2022, Tonga's intentions to accept cryptocurrency as legal tender were discussed. At the moment, we do not have information about its legal status. If you have such information, please contact us.

Crypto Salaries

In 2022, Tonga's intentions to accept cryptocurrency as legal tender were discussed. At the moment there is no regulation for crypto payroll in the country. 

Legal

As of the end of 2022, Tonga did not have specific laws or regulations that prohibited the use of cryptocurrencies (6). Local crypto enthusiasth Lord Fusitua (7) predicted the legalization of crypto in 2023, but so far nothing has changed.

Taxation
Links