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.
| KYC Required | Yes |
| Travel Rule | No |
| FATF Member | No |
| FATF Status | enhanced_follow_up |
| FATF Body | GIABA |
| Suspicious-Activity Reporting | Yes |
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 |
Mining is legal but limited by relatively high electricity costs and moderate renewable energy share. Infrastructure is fair with improving internet connectivity.
| Stability | moderate |
| Sanctions | No |
| Corruption Index | 35/100 |
| Banking Access | moderate |
| Sanctions Program Active | No |
Risk Factors
Cape Verde is politically stable with moderate corruption and improving business environment. No international sanctions apply. Internet freedom is partly free and banking access for crypto companies is moderate.
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.
Cape Verde is classified by FATF as: enhanced_follow_up.
Yes, licensing is required for VASPs.
KYC is mandatory for crypto businesses.
Soken combines Web3 security engineering and crypto-legal counsel — two specialised tracks, one team. Pick the side that matches your need.
VASP licensing, jurisdiction analysis, AML/KYC, legal opinions, company registration and banking access.
Explore Legal Services → IT & SecuritySmart-contract audits, penetration testing, Web3 development, AI/LLM security audits.
Explore IT Services →Last reviewed: 2026-09-11 · Data source: Soken Crypto Legal Map
← Back to Crypto Map