Cape Verde enacted Law 30/X/2023 (effective 22 June 2023), which regulates virtual asset services and digital banking. VASPs must register with the Banco de Cabo Verde (BCV) and comply with AML/CFT obligations. The BCV is the supervisory authority. No crypto-specific tax guidance exists. FATF Recommendation 15 compliance was downgraded to non-compliant in 2025.
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Region | africa west |
| Currency | CVE |
| Capital Gains (Personal) | No specific guidance |
| Capital Gains (Corporate) | 20% corporate tax (standard IRPC rate as of 2025) |
| VAT on Crypto | No |
| Staking Tax | No specific guidance |
| Airdrop Tax | No specific guidance |
No crypto-specific tax guidance.
| Required | Yes |
| Regulator | BCV |
| Framework | No crypto framework |
No crypto licensing framework. Small island economy.
No known enforcement actions.
Status: Unclear
No regulation.
Status: no_rules
No framework.
Status: no_rules
No regulation.
| Legal | Yes |
| Electricity Cost | $0.25/kWh |
| Renewable Energy | 15% |
| Infrastructure | fair |
Electricity costs are relatively high; infrastructure is developing but limited for large-scale mining.
| Stability | moderate |
| Sanctions | No |
| Corruption Index | 33/100 |
| Banking Access | moderate |
Risk Factors
Cape Verde is politically stable with moderate ease of doing business. No international sanctions apply. Corruption is moderate and internet freedom is partly free.
Cape Verde enacted Law 30/X/2023 (effective 22 June 2023), which regulates virtual asset services and digital banking. VASPs must register with the Banco de Cabo Verde (BCV) and comply with AML/CFT obligations. The BCV is the supervisory authority. No crypto-specific tax guidance exists. FATF Recommendation 15 compliance was downgraded to non-compliant in 2025.
Yes, licensing is required for VASPs.
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Explore IT Services →Last reviewed: 2026-06-01 · Data source: Soken Crypto Legal Map
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