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Azerbaijan vs Saint Vincent and the Grenadines

Crypto regulation comparison

← Back to map | Azerbaijan | Saint Vincent and the Grenadines
Azerbaijan

Azerbaijan

Saint Vincent and the Grenadines

Saint Vincent and the Grenadines

Partially Regulated
Legal

Azerbaijan has no specific cryptocurrency legislation but crypto is not banned. Crypto profits are taxable at 14% income tax. The Central Bank is drafting a comprehensive digital asset framework expected by end of 2025, modeled on international best practices. A regulatory sandbox is being developed.

Saint Vincent and the Grenadines has been a popular jurisdiction for offshore crypto businesses. No income or capital gains tax.

Tax Type Income
Tax Type No tax
Tax Rate 14%
Tax Rate 0%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Central Bank of Azerbaijan
Regulator Eastern Caribbean Central Bank (ECCB), Financial Services Authority
Stablecoin Rules No stablecoin regulation
Stablecoin Rules No specific stablecoin regulation
Key Points
  • No specific crypto legislation; operates in legal gray area
  • Crypto profits taxable at 14% income tax
  • Central Bank drafting comprehensive digital asset framework
  • Manat is the only legal tender per 1995 Constitution
  • Regulatory sandbox being developed for virtual assets
Key Points
  • Popular jurisdiction for crypto business registration
  • No income or capital gains tax
  • Financial Services Authority provides oversight
  • ECCB provides regional monetary oversight
  • Several crypto exchanges have been registered here
Sources
Sources