Mongolia

Mongolia has no specific cryptocurrency regulation.

Overview

StatusLegal
Risk Score30/100 (Moderate Risk)
Regionasia pacific
CurrencyMNT

Tax

Capital Gains (Personal)10% income tax (general)
Capital Gains (Corporate)10-25% CIT
VAT on CryptoNo
Staking TaxLikely taxable at 10%
Airdrop TaxUnclear

No crypto-specific tax guidance available.

Licensing

RequiredYes
RegulatorFRC
FrameworkVirtual Asset Service Provider regulation (2023)
Easemoderate
Cost$10,000 - $50,000

DeFi

Status: unregulated

Stablecoins

Status: unregulated

NFTs

Status: unregulated

Mining

LegalYes
Electricity$0.06/kWh
Renewable15%
Infrastructurefair

Mongolia has legal crypto mining with relatively low electricity costs and moderate renewable energy share. Infrastructure is fair but limited outside urban centers.

Geopolitics

Stabilitymoderate
SanctionsNo
Corruption Index35/100
Banking Accessmoderate

Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map

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