Greenland vs Mongolia
Crypto regulation comparison
Greenland
Mongolia
No Data
Legal
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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
Unclear
Tax Type
Income
Tax Rate
N/A
Tax Rate
10-25%
Exchanges
No
Exchanges
Yes
Mining
No
Mining
Yes
Regulator
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Regulator
Financial Regulatory Commission (FRC) of Mongolia
Stablecoin Rules
-
Stablecoin Rules
No specific stablecoin regulation
Key Points
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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
Sources
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