Burundi Compliance Report

Regulatory Overview

Regulatory Status

Dedicated crypto/VA legislation, licensing regime, active enforcement

Key Regulator(s)

Financial Market Authority

Primary Legislation

Law No. 1/01 of January 20, 2011, on the Regulation of the Financial Market: Thi, e.g., the Banking and Financial Institutions Act, Law No. 01/2003 of 15 May 2003, Who Needs a License? None; there is no provision in Burundian law requiring lice, Law No. 02/2006, [Tax law does not explicitly mention cryptocurrencies; gains are taxed under gen

Travel Rule

Adopted — Threshold: Implemented

Tax Reporting

The Banque de la République du Burundi (BRB) has publicly warned against the use of cryptocurrencies, stating that they are not legal tender, are not regulated by the BRB, and carry significant risks (volatility, scams, money laundering). This official position strongly suggests that crypto transactions are not formally recognized or endorsed, which complicates their tax treatment.. BRB has more recently taken an active engagement stance toward financial innovations and crypto‑linked assets—such as its memorandum of understanding with Quadra Capital to create an investment fund for problematic assets—rather than maintaining a clearly consistent, long‑standing cautionary stance in its public communications.. The official website of the Banque de la République du Burundi (BRB) is https://www.brb.bi/, and while much of the site remains primarily in French, it now includes some English-language content and documents; however, users still generally need to navigate French-language sections (e.g., news, publications) to locate specific circulars.. Burundi imposes a -100% tax rate on both short-term and long-term capital gains from cryptocurrencies, effectively confiscating all gains rather than having no specific legislation.. Potential Interpretation (Analogy): If the tax authorities (Office Burundais des Recettes - OBR) were to interpret it, they could potentially view cryptocurrencies as movable assets.

Key Facts

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