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Crypto Regulation in Tanzania

Restricted

The Bank of Tanzania warned against cryptocurrency use in 2019 but has not enacted a formal ban. There is no licensing framework. The BOT has signaled interest in developing regulation.

Region: Africa EastCurrency: TZSRisk Score: 55/100

Tax Information

Capital Gains (Personal)
No specific crypto guidance
Capital Gains (Corporate)
30% corporate tax
VAT on Crypto
No
Staking Tax
No specific guidance
Airdrop Tax
No specific guidance
Mining Tax
No specific guidance
Summary
No crypto-specific tax framework.

Licensing & Registration

License Required
No
Regulator
BOT (Bank of Tanzania)
Framework
No crypto framework; BOT warning (2019)
License Types
--
Estimated Cost (USD)
N/A
Timeline
N/A months
Ease of Licensing
N/A
Notes
BOT has cautioned financial institutions against dealing in crypto. No licensing path exists but regulation is under discussion.

AML / KYC

KYC Required
Yes
Travel Rule
No
FATF Member
No
FATF Status
Partially Compliant
Suspicious Activity Reporting
Yes

Mining

Mining Legal
Yes
Status
Restricted
Electricity Cost ($/kWh)
$0.1
Renewable Energy
45%
Climate
Tropical
Infrastructure
Moderate
Tax on Mining Income
30% corporate tax

DeFi, Stablecoins & NFTs

DeFi: unclearStablecoins: no rulesNFTs: no_rulesCBDC: exploring

Soken Services

Legal Opinion
Available | $5,000 - $20,000 | 14 days
Banking
Difficulty: Very Hard | Crypto-friendly banks: none listed
Min. Deposit
$10,000
Fiat Rails
SWIFT, M-Pesa
Card Payments
Visa, Mastercard

Sources

Bank of Tanzania
Reviewed: 2026-02-15likely

Frequently Asked Questions

Is crypto legal in Tanzania?
Cryptocurrency is currently classified as "Restricted" in Tanzania. The Bank of Tanzania warned against cryptocurrency use in 2019 but has not enacted a formal ban. There is no licensing framework. The BOT has signaled interest in developing regulation.
What is the crypto tax rate in Tanzania?
In Tanzania, the personal capital gains tax on crypto is No specific crypto guidance, and the corporate tax rate is 30% corporate tax. No crypto-specific tax framework.
Do I need a crypto license in Tanzania?
No, Tanzania does not currently require a specific crypto license, though other financial regulations may apply.
Is crypto mining legal in Tanzania?
Yes, crypto mining is legal in Tanzania. Electricity costs approximately $0.1/kWh. Mining income is taxed at: 30% corporate tax.
What are the AML/KYC requirements for crypto in Tanzania?
Yes, crypto businesses in Tanzania must comply with KYC (Know Your Customer) requirements. FATF compliance status: partially_compliant.