BTC $66,833.00 (-1.17%)
ETH $1,969.69 (-1.33%)
XRP $1.41 (-4.55%)
BNB $608.18 (-1.29%)
SOL $81.73 (-3.69%)
TRX $0.28 (-0.53%)
DOGE $0.10 (-3.44%)
BCH $556.28 (-1.39%)
ADA $0.27 (-2.79%)
LEO $8.65 (-1.72%)
HYPE $28.57 (-2.68%)
LINK $8.65 (-2.26%)
CC $0.16 (-2.84%)
XMR $324.91 (-3.04%)
XLM $0.16 (-3.89%)
RAIN $0.01 (-1.40%)
ZEC $260.78 (-10.53%)
HBAR $0.10 (-3.36%)
LTC $53.31 (-1.64%)
AVAX $8.86 (-1.99%)

Crypto Regulation in Mongolia

Mongolia adopted the Law on Virtual Asset Service Providers (VPSP) in December 2021, establishing a comprehensive regulatory framework. The Financial Regulatory Commission (FRC) registers and supervises crypto exchanges. Over 12 licensed exchanges serve 850,000+ customers. Crypto mining is legal and growing, with tax incentives for renewable energy use.

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Mongolia

Mongolia

Legal

Mongolia adopted the Law on Virtual Asset Service Providers (VPSP) in December 2021, establishing a comprehensive regulatory framework. The Financial Regulatory Commission (FRC) registers and supervises crypto exchanges. Over 12 licensed exchanges serve 850,000+ customers. Crypto mining is legal and growing, with tax incentives for renewable energy use.

Tax Type Income
Tax Rate 10-25%
Exchanges Yes Yes
Mining Yes Yes
Regulator Financial Regulatory Commission (FRC) of Mongolia
Stablecoin Rules No specific stablecoin regulation
Key Points
  • Law on Virtual Asset Service Providers (VPSP) adopted December 2021
  • FRC registers and supervises crypto exchanges under VPSP law
  • Over 12 licensed exchanges serving 850,000+ customers
  • Crypto exchange income is taxable and exempt from VAT
  • Mongolia launched blockchain-based OTC securities trading in 2025
Sources

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