---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "south_asia", "apg", "legal"]
aliases: ["BT", "BTN", "འབྲུག་ཡུལ"]
created: 2026-04-13
updated: 2026-04-02
compile_into: ["[[country--bhutan]]"]
sources:
  - name: "https://www.rma.org.bt"
    url: "https://www.rma.org.bt"
    type: "official"
---

#  Bhutan (BT) — Crypto Regulation

> Bhutan has no specific cryptocurrency regulation.

## Overview

| Field | Value |
|-------|-------|
| Status | Legal |
| Risk Score | 30/100 (Moderate Risk) |
| Enforcement Level | Moderate |
| Region | [[domain--asia-pacific|south asia]] |
| Currency | [[entity--btn|BTN]] |

## Tax

| Type | Rate |
|------|------|
| Capital Gains (Personal) | 0% - no capital gains tax |
| Capital Gains (Corporate) | 25% CIT (30% for mining and manufacturing) |
| VAT on Crypto | No |
| Mining Tax | No specific guidance |
| Staking Tax | No personal tax |
| Airdrop Tax | No personal tax |

No crypto-specific tax guidance available.

## Licensing

| Field | Value |
|-------|-------|
| Required | No |
| Regulator | [[entity--rma|RMA]] |
| Framework | No specific crypto framework; government directly involved in Bitcoin mining via Druk Holding & Investments |
| Ease | moderate |
| Cost | N/A |
| Timeline | N/A months |

## AML / KYC

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

## DeFi

**Status:** unregulated

## Stablecoins

**Status:** unregulated

## NFTs

**Status:** unregulated

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.032/kWh |
| Renewable Energy | 100% |
| Climate | temperate |
| Infrastructure | fair |

Bhutan has abundant hydropower resources providing very low-cost, 100% renewable electricity. The government is directly involved in Bitcoin mining via Druk Holding & Investments, supporting mining legality and infrastructure.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | stable |
| Sanctions | No |
| Corruption Index | 60/100 |
| Ease of Business | moderate |
| Internet Freedom | partly_free |
| Banking Access | moderate |

## Enforcement

No detailed enforcement information available

## CBDC Status: pilot

---

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

**Sources:**
- [https://www.rma.org.bt](https://www.rma.org.bt)