Equatorial Guinea vs Iran
Crypto regulation comparison
Equatorial Guinea
Iran
No Regulation
Restricted
Equatorial Guinea has no specific cryptocurrency regulation. As a CEMAC member, it falls under BEAC oversight.
Iran has a complex stance on cryptocurrency. Crypto mining is legal and licensed by the Ministry of Industry, but using crypto for domestic payments is banned by the CBI. The government has explored using crypto for international trade to circumvent sanctions. Mining operations are periodically shut down during energy shortages.
Tax Type
None
Tax Type
Unclear
Tax Rate
N/A
Tax Rate
N/A
Exchanges
Yes
Exchanges
No
Mining
Yes
Mining
Yes
Regulator
BEAC (Bank of Central African States)
Regulator
CBI (Central Bank of Iran), Ministry of Industry
Stablecoin Rules
No stablecoin regulation
Stablecoin Rules
Not applicable; crypto payments and trading domestically restricted
Key Points
- No specific national cryptocurrency legislation
- BEAC provides regional monetary oversight
- Part of the CEMAC monetary zone with the CFA franc
- Limited crypto adoption
- No licensing framework for crypto businesses
Key Points
- Crypto mining is legal and licensed by the Ministry of Industry, Mine and Trade
- CBI bans using crypto as a domestic payment method
- Licensed miners must sell mined crypto to the CBI or authorized exporters
- Government has explored crypto for sanctions evasion in international trade
- Mining farms periodically shut down during summer/winter energy demand peaks