Country overview

#109
Algeria

Country stats

Rating Points
96
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
2.2%
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
970Β 000
Total amount of crypto users out of the country's total population based on public data.
Taxation points
22
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
Ban
General status of cryptocurrency regulation in this jurisdiction.
Crypto payments
Ban
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
Ban
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
Ban
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

Algeria is a country in northern Africa with fairly high taxes. Transactions with cryptocurrency are completely prohibited by law here. But despite this, there are almost one million crypto users in the country.

Security level

  Algeria has a minor dager security level according to our rating. Jurisdiction has 48.6 points (from 100) for safety level in Numbeo crime rating (1). The homicide level (2) is 1.8 per 100,000 inhabitants a year. Level of firearm-related death (3) 0.22 per 100,000 inhabitants a year.  

Crypto Payments

  Cryptocurrencies are banned (4) under Algerian laws and this ban definetely includes crypto payments.    

Crypto Salaries

Crypto ban in Algeria makes salaries in crypto illegal too.

Legal

 Financial Law of Algeria has prohibited (4) the use of any cryptocurrencies. It stipulates:

The purchase, sale, use, and possession of so-called virtual currency are prohibited. A virtual currency is one used by Internet users over the Internet. It is characterized by the absence of physical support such as coins, paper money, or payments by check or credit card.

Taxation

  The Personal Income Tax Rate in Algeria stands (5) at 35%. The standard corporate income tax rate is (6) 26%. The basic CGT tax (7) in Algeria is 15%.