Algeria is the flat case among the countries we cover: the prohibition is statutory, it is short, and it is explicit. Article 117 of Law No. 17-11 of 27 December 2017 on the Finance Act for 2018, published in the Journal Officiel de la Republique Algerienne No. 76 of 28 December 2017, reads in the French edition: 'L'achat, la vente, l'utilisation et la detention de la monnaie dite virtuelle est interdite' — the purchase, the sale, the use and the holding of so-called virtual currency are prohibited. The article then defines virtual currency as the currency used by internet users over the web, characterised by the absence of a physical medium such as coins, banknotes, cheque payments or bank-card payments, and closes by providing that any breach is punished in accordance with the laws and regulations in force.
The contract itself does not change by geography: a ONDO perpetual settles in USDC everywhere.
The legal status above rules out a trading route for Ondo Finance exposure from Algeria.
General capital gains tax on resident individuals is 15%, with a reduced 5% rate for reinvested capital gains.
Trading ONDO from Algeria: banned.
The rule Ondo Finance traders in Algeria face: Algeria's Finance Act for 2018, Law No. 17-11 of 27 December 2017, Article 117, prohibits the purchase, sale, use and holding of virtual currency, and the prohibition covers crypto derivatives as well.
Regulator for Ondo Finance trading in Algeria: Banque d'Algerie (central bank) and the Commission d'Organisation et de Surveillance des Operations de Bourse (COSOB, securities); the prohibition is statutory, set by the Finance Act and adopted by parliament.
For Algeria residents trading Ondo Finance: General capital gains tax on resident individuals is 15%, with a reduced 5% rate for reinvested capital gains.
For Ondo Finance traders in Algeria: Crypto platforms cannot legally serve Algeria residents.
Perpetual markets for stocks, gold, indices and pre-IPO names — settled on-chain, no wallet-to-exchange transfers.
