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Cuba vs Vietnam

Crypto regulation comparison

← Back to map | Cuba | Vietnam
Cuba

Cuba

Vietnam

Vietnam

Legal
Legal

Cuba's Central Bank issued Resolution 215/2021 recognizing virtual assets and establishing a licensing framework for virtual asset service providers (VASPs). The BCC evaluates and grants one-year licenses to VASPs. US sanctions limit access to international platforms but domestic crypto use is formally regulated.

Vietnam passed the Law on Digital Technology Industry in June 2025 (effective January 2026), officially recognizing crypto as legal virtual assets. However, the SBV still bans crypto as a payment method. The law requires AML/cybersecurity compliance for all crypto activities. Vietnam consistently ranks among the top globally in crypto adoption. Ministry of Finance to issue detailed guidance before 2026.

Tax Type Unclear
Tax Type Income
Tax Rate N/A
Tax Rate Up to 25% (corporate); individual unclear
Exchanges Yes Yes
Exchanges No No
Mining No No
Mining Yes Yes
Regulator Banco Central de Cuba (BCC)
Regulator SBV (State Bank of Vietnam), MOF (Ministry of Finance), MIC (Ministry of Information)
Stablecoin Rules No stablecoin regulation
Stablecoin Rules Crypto recognized as virtual assets under Law on Digital Technology Industry; payment use still banned
Key Points
  • Resolution 215 (2021) allows central bank to license virtual asset service providers
  • Central Bank licenses virtual asset service providers under Resolution 215
  • VASPs must comply with AML/KYC requirements and report to the central bank
  • US sanctions significantly limit access to international crypto platforms
  • Government agencies may not use virtual assets without BCC authorization
Key Points
  • Law on Digital Technology Industry (June 2025) recognizes crypto as legal virtual assets
  • SBV still bans crypto as payment method; not recognized as legal tender
  • Vietnam ranks #1 globally in crypto adoption (Chainalysis 2023 index)
  • AML and cybersecurity compliance required for all crypto trading activities
  • Ministry of Finance to issue detailed crypto regulatory guidance before January 2026
Sources
Sources