Iran vs Nauru
Crypto regulation comparison
Iran
Nauru
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.
Nauru has no specific cryptocurrency regulation.
Tax Type
Unclear
Tax Type
None
Tax Rate
N/A
Tax Rate
N/A
Exchanges
No
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
CBI (Central Bank of Iran), Ministry of Industry
Regulator
Command Ridge Virtual Asset Authority (CRVAA)
Stablecoin Rules
Not applicable; crypto payments and trading domestically restricted
Stablecoin Rules
No stablecoin regulation
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
- No specific cryptocurrency legislation
- Very limited financial infrastructure
- Minimal crypto adoption
- One of the world's smallest economies
- No licensing framework for crypto services