Iran vs Luxembourg
Crypto regulation comparison
Iran
Luxembourg
Restricted
Legal
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.
Luxembourg is a major European hub for crypto and blockchain financial services. The CSSF regulates VASPs and crypto-related investment funds. Crypto held for more than 6 months is generally exempt from capital gains tax for individuals, making it attractive for long-term holders. Luxembourg hosts several prominent crypto exchanges and fund administrators.
Tax Type
Unclear
Tax Type
Capital gains
Tax Rate
N/A
Tax Rate
0-42%
Exchanges
No
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
CBI (Central Bank of Iran), Ministry of Industry
Regulator
CSSF (Commission de Surveillance du Secteur Financier)
Stablecoin Rules
Not applicable; crypto payments and trading domestically restricted
Stablecoin Rules
Regulated under EU MiCA framework; Luxembourg hosts major stablecoin issuers
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
Key Points
- CSSF oversees VASPs under the Luxembourg AML/CFT framework
- Individuals holding crypto for 6+ months are generally exempt from capital gains tax
- Short-term gains taxed at progressive income tax rates up to 42%
- Major hub for crypto investment funds and blockchain companies
- MiCA framework fully applicable from December 2024