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Laos vs Pakistan

Crypto regulation comparison

← Back to map | Laos | Pakistan
Laos

Laos

Pakistan

Pakistan

Legal
Restricted

Laos authorized cryptocurrency mining and trading through a 2021 pilot program (PM Notification No. 1158). Six companies were initially licensed, growing to 15+ by 2023. Mining operations must be 100% Lao-owned and use at least 10MW from Électricité du Laos. Two crypto exchanges (LDX, Bitqik) registered with Bank of Lao PDR.

Pakistan has a hostile regulatory environment for cryptocurrency. The State Bank of Pakistan has prohibited financial institutions from facilitating crypto transactions, and the government has considered outright bans. Despite this, Pakistan has high informal crypto adoption, ranking among the top countries for P2P crypto volume. The SECP has explored blockchain regulation but no licensing framework exists for exchanges.

Tax Type Unclear
Tax Type None
Tax Rate 15% on transaction fees
Tax Rate N/A
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining Yes Yes
Regulator Ministry of Technology and Communications, Bank of the Lao PDR
Regulator SBP (State Bank of Pakistan), SECP
Stablecoin Rules No specific stablecoin regulation; pilot covers BTC, ETH, LTC
Stablecoin Rules No regulation; SBP has not authorized any crypto activities
Key Points
  • PM Notification No. 1158 (2021) authorized pilot crypto mining and trading
  • Two licensed exchanges: LDX and Bitqik, registered with Bank of Lao PDR
  • Mining leverages surplus hydroelectric power from Électricité du Laos
  • Mining must be 100% Lao-owned; trading platforms require 51% Lao ownership
  • 15% tax on transaction fees; M security deposit required for exchanges
Key Points
  • SBP prohibits banks and financial institutions from processing crypto transactions
  • No licensing framework for crypto exchanges; operating informally is risky
  • High P2P crypto adoption despite regulatory hostility
  • Government has considered formal banning legislation multiple times
  • SECP has explored digital asset regulation but no framework enacted
Sources
Sources