Laos has legalized crypto mining and trading under a 2021 pilot program, authorizing select firms to issue and trade digital assets. The central bank prohibits unlicensed crypto or stablecoin use as legal tender. Stablecoins are actively used by traders and for cross-border flows, but they fall under the same "digital asset" pilot scheme with no separate recognition. Discussions around taxation and expanding licensing are ongoing, but stablecoins remain in a gray zone.
Applicable Laws:
Crypto Mining & Trading Pilot - https://www.tilleke.com/insights/laos-initiates-pilot-project-for-cryptocurrency-mining-and-trading/60
