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Country overview

#122
Guatemala

Country stats

Rating Points
65
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
1.46%
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
263 422
Total amount of crypto users out of the country's total population based on public data.
Taxation points
25
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
De facto
General status of cryptocurrency regulation in this jurisdiction.
Crypto payments
No regulation
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
High 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
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 Guatemala. 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

Guatemala is a country located in Central America, it has (1) a population of 18 million people located in an area of 110,000 km2.

Citizens of most countries do not need a visa to Guatemala (2) and can stay there for 90 days with a valid passport. There is no digital nomad visa for Guatemala, although there are possible options (3) to get there retirement visa or investment visa (from $60,000 USD minimal investments). To get citizenship of Guatemala by naturalization you need to live in the country for 5 years.

Security level
Crypto Payments

  In 2021 the Superintendency of Banks (SIB) has claimed (7) that cryptocurrencies don’t have any legal status in the country and only Quetzal is a legal currency in Guatemala. However, crypto payments are not prohibited, so possibly any business can accept cryptocurrency as a payment form in Guatemala.  

Crypto Salaries

No regulation.

Legal

  There is still no regulation for crypto in Guatemala. However, crypto is popular here. Bitcoin blockchain was used during the latest elections (8) to verify elections’ results.  

Taxation

  Based on RapiXchange (9) there is no regulation for crypto taxation in Guatemala. According to PWC tax summaries (10) basic tax rates are CGT - 10%, PIT - 7%, CIT - 25%.  

Links
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