Trading Bitcoin (and other Crypto-Currencies) in Mongolia

Following our recent post on foreign exchange trading in Mongolia, we had several inquiries regarding trade of crypto-currencies, such as Bitcoin. While there are no specific regulations in Mongolia addressing use or trade of crypto-currency, both Foreign Exchange and electronic payment and remittance services are allowed under the current regulatory framework, with only a permit required.

A Bitcoin trading (or mining) operation can be established in Mongolia relatively easily. One will only need to establish a Mongolian corporation. Then application must be made to the Financial Regulatory Commission of Mongolia for the appropriate permit.

One thought on “Trading Bitcoin (and other Crypto-Currencies) in Mongolia

  1. I AM INTERESTED IN REGISTERING A BRANCH OFFICE IN MONGOLIA FOR THE SAME.
    KINDLY ADVICE ME ON THE SAME.

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