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 PENGU perpetual settles in USDC everywhere.
The legal status above rules out a trading route for Pudgy Penguins exposure from Algeria.
General capital gains tax on resident individuals is 15%, with a reduced 5% rate for reinvested capital gains.
Trading PENGU from Algeria: banned.
For Pudgy Penguins traders in Algeria: 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.
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 Pudgy Penguins: General capital gains tax on resident individuals is 15%, with a reduced 5% rate for reinvested capital gains.
Algeria traders can fund Pudgy Penguins positions using P2P Marketplace (USDT), Mobile Money (BaridiMob) and Bank Transfer (CCP).
Perpetual markets for stocks, gold, indices and pre-IPO names — settled on-chain, no wallet-to-exchange transfers.
