---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "europe", "legal"]
aliases: ["AD", "AND"]
created: 2026-09-07
updated: 2025-09-01
compile_into: ["[[country--andorra]]"]
sources:
  - name: "AFA"
    url: "https://www.afa.ad"
    type: "official"
  - name: "Law 24/2022 on digital representation of assets (Andorra legal portal)"
    url: "http://portaljuridicandorra.ad/L2022024_0"
    type: "official"
  - name: "Law 5/2014 on personal income tax"
    url: "http://portaljuridicandorra.ad/L2014005_0"
    type: "official"
  - name: "portaljuridicandorra.ad"
    url: "http://portaljuridicandorra.ad/L2010095_0"
    type: "reference"
---

# 🇦🇩 [[country--andorra|Andorra]] (AD): Crypto Regulation

> Andorra has a clear legal framework for digital assets, governed primarily by the Law on Digital Assets (2022). The Autoritat Financera Andorrana actively publishes regulatory updates and maintains financial stability.

## Overview

| Field | Value |
|-------|-------|
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Enforcement Level | Moderate |
| Region | [[domain--europe|europe]] |
| Currency | [[entity--eur|EUR]] |

## Tax

| Type | Rate |
|------|------|
| Capital Gains (Personal) | 10% personal income tax on savings income, including crypto gains, after a EUR 3,000 annual reduction of the savings tax base |
| Capital Gains (Corporate) | 10% corporate income tax |
| VAT on Crypto | No |

Andorra has no crypto-specific tax. Gains realised by individuals on crypto are capital gains within the savings tax base of the personal income tax (IRPF, Law 5/2014), taxed at a single 10% rate after a EUR 3,000 annual reduction. Companies pay 10% corporate income tax (Law 95/2010). There is no wealth tax.

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [[entity--afa|AFA]] |
| Framework | Law 24/2022 of 30 June 2022 on the digital representation of assets through cryptography, distributed ledger technology and blockchain |
| Ease | medium |
| Cost | $30,000 - $150,000 |
| Timeline | 4-10 months |

Licensing is required under the 2022 law, with a medium level of difficulty to obtain authorization from the Autoritat Financera Andorrana.

## AML / KYC

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

## DeFi

**Status:** regulated

DeFi activities are regulated under the digital assets framework, requiring compliance with AML and licensing rules.

## Stablecoins

**Status:** regulated

Stablecoins are regulated under the Law on Digital Assets with specific compliance requirements.

## NFTs

**Status:** no_rules

No specific NFT regulation

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.14/kWh |
| Renewable Energy | 30% |
| Climate | temperate |
| Infrastructure | good |

Mining is legal with moderate electricity costs and a temperate climate favorable for operations.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | stable |
| Sanctions | No |
| Corruption Index | 70/100 |
| Ease of Business | easy |
| Internet Freedom | free |
| Banking Access | open |
| Sanctions Programs Active | No |

## Enforcement

Enforcement focused on unlicensed operators and consumer protection

## CBDC Status: unknown

## FAQ

### Is cryptocurrency legal in Andorra?

Andorra has a clear legal framework for digital assets, governed primarily by the Law on Digital Assets (2022). The Autoritat Financera Andorrana actively publishes regulatory updates and maintains financial stability.

### What is the FATF status of Andorra?

Andorra is classified by FATF as: compliant.

### Are VASPs licensed in Andorra?

Yes, licensing is required for VASPs.

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

KYC is mandatory for crypto businesses.

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-09-07.*

**Sources:**
- [AFA](https://www.afa.ad)
- [Law 24/2022 on digital representation of assets (Andorra legal portal)](http://portaljuridicandorra.ad/L2022024_0)
- [Law 5/2014 on personal income tax](http://portaljuridicandorra.ad/L2014005_0)
- [portaljuridicandorra.ad](http://portaljuridicandorra.ad/L2010095_0)