Bhutan and Vietnam Advancing Frameworks to Develop Crypto Sector - Tekedia
In a bold attempt to reposition itself as a digital asset hub, the Himalayan kingdom of Bhutan is reportedly advancing a policy framework designed to attract cryptocurrency businesses through fast-track licensing procedures and a 0% corporate tax regime. The move signals an ambitious shift toward leveraging blockchain innovation as a pillar of economic diversification, particularly […]
➤ Bhutan is developing a policy framework to attract crypto businesses with fast-track licensing and a 0% corporate tax rate, aiming to become a digital asset hub. ➤ Vietnam offers a low crypto taxation framework, with some transactions potentially taxed as low as 0.1%, encouraging adoption and attracting investment. ➤ The article contrasts these approaches with higher tax obligations in the US and Europe, highlighting the global competition for crypto talent and capital, and the ongoing debate between fostering innovation and ensuring tax revenue.
