---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "europe", "moneyval", "legal"]
aliases: ["AD", "AND"]
created: 2026-04-13
updated: 2025-09-01
compile_into: ["[[country--andorra]]"]
sources:
  - name: "AFA"
    url: "https://www.afa.ad"
    type: "official"
---

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

> Andorra enacted a Digital Assets Law in 2022, establishing a licensing framework under AFA. The principality has favorable tax rates and seeks to attract crypto businesses.

## Overview

| Field | Value |
|-------|-------|
| Status | Legal |
| Risk Score | 30/100 (Moderate Risk) |
| Enforcement Level | Moderate |
| Region | [[domain--europe|europe]] |
| Currency | [[entity--eur|EUR]] |

## Tax

| Type | Rate |
|------|------|
| Capital Gains (Personal) | 10% on crypto gains (general maximum personal income tax rate) |
| Capital Gains (Corporate) | 10% corporate tax |
| VAT on Crypto | No |
| Mining Tax | No specific guidance |
| Staking Tax | No specific guidance |
| Airdrop Tax | No specific guidance |

Andorra has low tax rates with a maximum 10% personal income tax and 10% corporate tax, making it attractive for crypto investors.

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [[entity--afa|AFA]] |
| Framework | Law on Digital Assets (2022) |
| Ease | medium |
| Cost | $30,000 - $150,000 |
| Timeline | 4-10 months |

AFA oversees crypto licensing under the 2022 Digital Assets Law. Andorra is a small jurisdiction with limited capacity but attractive tax rates.

## AML / KYC

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

## DeFi

**Status:** Unclear

No specific DeFi regulation

## Stablecoins

**Status:** no_rules

No specific stablecoin framework

## 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 decent renewable energy mix. Infrastructure supports mining operations adequately.

## Geopolitics

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

## Enforcement

Enforcement focused on unlicensed operators and consumer protection

## CBDC Status: unknown

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-04-13.*

**Sources:**
- [AFA](https://www.afa.ad)