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Azerbaijan vs Vanuatu

Crypto regulation comparison

Azerbaijan

Azerbaijan

Vanuatu

Vanuatu

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.

Vanuatu has become a popular jurisdiction for crypto businesses due to its tax-free environment. The VFSC has developed a regulatory framework for digital assets.

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 Vanuatu Financial Services Commission (VFSC)
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
  • VFSC regulates digital asset businesses
  • No income, corporate, or capital gains tax
  • Popular jurisdiction for crypto business registration
  • Citizenship by investment program exists
  • Developing digital asset regulatory framework