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Iran vs Vietnam

Crypto regulation comparison

← Back to map | Iran | Vietnam
Iran

Iran

Vietnam

Vietnam

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.

Vietnam passed the Law on Digital Technology Industry in June 2025 (effective January 2026), officially recognizing crypto as legal virtual assets. However, the SBV still bans crypto as a payment method. The law requires AML/cybersecurity compliance for all crypto activities. Vietnam consistently ranks among the top globally in crypto adoption. Ministry of Finance to issue detailed guidance before 2026.

Tax Type Unclear
Tax Type Income
Tax Rate N/A
Tax Rate Up to 25% (corporate); individual unclear
Exchanges No No
Exchanges No No
Mining Yes Yes
Mining Yes Yes
Regulator CBI (Central Bank of Iran), Ministry of Industry
Regulator SBV (State Bank of Vietnam), MOF (Ministry of Finance), MIC (Ministry of Information)
Stablecoin Rules Not applicable; crypto payments and trading domestically restricted
Stablecoin Rules Crypto recognized as virtual assets under Law on Digital Technology Industry; payment use still banned
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
  • Law on Digital Technology Industry (June 2025) recognizes crypto as legal virtual assets
  • SBV still bans crypto as payment method; not recognized as legal tender
  • Vietnam ranks #1 globally in crypto adoption (Chainalysis 2023 index)
  • AML and cybersecurity compliance required for all crypto trading activities
  • Ministry of Finance to issue detailed crypto regulatory guidance before January 2026
Sources
Sources