Laos vs Syria
Crypto regulation comparison
Laos
Syria
Legal
Banned
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.
Syria has a restrictive stance on cryptocurrency compounded by international sanctions. The Central Bank has not authorized crypto activities. International sanctions make access to crypto platforms extremely difficult.
Tax Type
Unclear
Tax Type
None
Tax Rate
15% on transaction fees
Tax Rate
N/A
Exchanges
Yes
Exchanges
No
Mining
Yes
Mining
No
Regulator
Ministry of Technology and Communications, Bank of the Lao PDR
Regulator
Central Bank of Syria
Stablecoin Rules
No specific stablecoin regulation; pilot covers BTC, ETH, LTC
Stablecoin Rules
No stablecoin regulation
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
- Central Bank has not authorized cryptocurrency activities
- International sanctions severely restrict crypto access
- No specific cryptocurrency legislation
- Limited internet infrastructure hampers crypto use
- Informal crypto usage exists despite restrictions