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Turkmenistan vs Saint Vincent and the Grenadines

Crypto regulation comparison

← Back to map | Turkmenistan | Saint Vincent and the Grenadines
Turkmenistan

Turkmenistan

Saint Vincent and the Grenadines

Saint Vincent and the Grenadines

Legal
Legal

Turkmenistan enacted the Law on Virtual Assets effective January 2026, legalizing crypto exchanges and mining under Central Bank licensing. Crypto is treated as property, not legal tender.

Saint Vincent and the Grenadines has been a popular jurisdiction for offshore crypto businesses. No income or capital gains tax.

Tax Type None
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 Turkmenistan
Regulator Eastern Caribbean Central Bank (ECCB), Financial Services Authority
Stablecoin Rules Regulated under Virtual Assets Law
Stablecoin Rules No specific stablecoin regulation
Key Points
  • Law on Virtual Assets enacted November 2025, effective January 2026
  • Crypto exchanges and mining require Central Bank licensing
  • Crypto treated as property, not legal tender
  • Banks prohibited from directly providing crypto services
  • Low electricity costs attract mining operations
Key Points
  • Popular jurisdiction for crypto business registration
  • No income or capital gains tax
  • Financial Services Authority provides oversight
  • ECCB provides regional monetary oversight
  • Several crypto exchanges have been registered here
Sources
Sources