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San Marino vs Vanuatu

Crypto regulation comparison

San Marino

San Marino

Vanuatu

Vanuatu

Legal
Legal

San Marino has developed a regulatory framework for blockchain entities. The country has issued licenses for blockchain-based businesses.

Vanuatu has become a popular jurisdiction for crypto businesses due to its tax-free environment. The VFSC has developed a regulatory framework for digital assets.

Tax Type Unclear
Tax Type No tax
Tax Rate N/A
Tax Rate 0%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Central Bank of San Marino, AIF (Financial Information Agency)
Regulator Vanuatu Financial Services Commission (VFSC)
Stablecoin Rules No specific stablecoin regulation
Stablecoin Rules No specific stablecoin regulation
Key Points
  • Delegated Decree on blockchain technology entities issued
  • Licenses issued for blockchain-based businesses
  • AIF provides regulatory oversight
  • Small jurisdiction working to attract blockchain companies
  • Developing comprehensive digital asset regulation
Key Points
  • VFSC regulates digital asset businesses
  • No income, corporate, or capital gains tax
  • Popular jurisdiction for crypto business registration
  • Citizenship by investment program exists
  • Developing digital asset regulatory framework