Algeria vs Mongolia
Crypto regulation comparison
Algeria
Mongolia
Banned
Legal
Algeria maintains one of the world's strictest cryptocurrency bans. Article 117 of the 2018 Finance Law prohibits the purchase, sale, use, and possession of virtual currencies. Law No. 25-10 (2025) further codified criminal penalties including imprisonment and fines for crypto-related activities.
Mongolia adopted the Law on Virtual Asset Service Providers (VPSP) in December 2021, establishing a comprehensive regulatory framework. The Financial Regulatory Commission (FRC) registers and supervises crypto exchanges. Over 12 licensed exchanges serve 850,000+ customers. Crypto mining is legal and growing, with tax incentives for renewable energy use.
Tax Type
None
Tax Type
Income
Tax Rate
N/A
Tax Rate
10-25%
Exchanges
No
Exchanges
Yes
Mining
No
Mining
Yes
Regulator
Bank of Algeria
Regulator
Financial Regulatory Commission (FRC) of Mongolia
Stablecoin Rules
All crypto activities banned including stablecoins
Stablecoin Rules
No specific stablecoin regulation
Key Points
- 2018 Finance Law (Article 117) prohibits purchase, sale, use, and holding of virtual currency
- No licensed crypto exchanges operate in Algeria
- Bank of Algeria has issued multiple warnings against cryptocurrency
- Law No. 25-10 (2025) codifies prison sentences and fines for crypto offenses
- Despite the ban, peer-to-peer crypto usage persists informally
Key Points
- Law on Virtual Asset Service Providers (VPSP) adopted December 2021
- FRC registers and supervises crypto exchanges under VPSP law
- Over 12 licensed exchanges serving 850,000+ customers
- Crypto exchange income is taxable and exempt from VAT
- Mongolia launched blockchain-based OTC securities trading in 2025