---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "asia_pacific", "apg", "legal"]
aliases: ["MN", "MNG", "Монгол Улс"]
created: 2026-06-01
updated: 2026-04-02
compile_into: ["[[country--mongolia]]"]
sources:
  - name: "https://www.frc.mn"
    url: "https://www.frc.mn"
    type: "official"
---

#  Mongolia (MN) — Crypto Regulation

> Mongolia has no specific cryptocurrency regulation.

## Overview

| Field | Value |
|-------|-------|
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Enforcement Level | Low |
| Region | [[domain--asia-pacific|asia pacific]] |
| Currency | [[entity--mnt|MNT]] |

## Tax

| Type | Rate |
|------|------|
| Capital Gains (Personal) | 10% income tax (general) |
| Capital Gains (Corporate) | 10-25% CIT |
| VAT on Crypto | No |
| Mining Tax | No specific guidance |
| Staking Tax | Likely taxable at 10% |
| Airdrop Tax | Unclear |

No crypto-specific tax guidance available.

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | FRC (for transfers, safekeeping, administration, issuance) + Mongolbank (for fiat/crypto and crypto/crypto exchange services) |
| Framework | Law on Virtual Asset Service Providers (adopted December 17, 2021; effective March 1, 2022) + FRC implementing procedures (April–May 2022) |
| Ease | moderate |
| Cost | $14 - $28 (registration fee only: MNT 40,000–80,000) |
| Timeline | 3-6 months |

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | Yes |
| Travel Rule | No |
| FATF Member | No |
| FATF Status | compliant |

## DeFi

**Status:** unregulated

## Stablecoins

**Status:** unregulated

## NFTs

**Status:** unregulated

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.06/kWh |
| Renewable Energy | 15% |
| Climate | continental |
| Infrastructure | fair |

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

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | moderate |
| Sanctions | No |
| Corruption Index | 35/100 |
| Ease of Business | moderate |
| Internet Freedom | partly_free |
| Banking Access | moderate |

## Enforcement

No detailed enforcement information available

## CBDC Status: research

## FAQ

### Is cryptocurrency legal in Mongolia?

Mongolia has no specific cryptocurrency regulation.

### What is the FATF status of Mongolia?

Mongolia is classified by FATF as: compliant.

### Are VASPs licensed in Mongolia?

Yes, licensing is required for VASPs.

### What is the AML/KYC regime in Mongolia?

KYC is mandatory for crypto businesses.

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-06-01.*

**Sources:**
- [https://www.frc.mn](https://www.frc.mn)