Cuba maintains a restricted regulatory stance on cryptocurrencies, with limited frameworks such as BCC Resolution 215/2021. The Central Bank of Cuba controls foreign exchange and financial operations tightly, with no explicit supportive crypto regulations evident.
| Status | Restricted |
| Risk Score | 100/100 (Very High Risk) |
| Region | caribbean |
| Currency | CUP |
| Capital Gains (Personal) | No specific guidance |
| Capital Gains (Corporate) | 35% corporate tax |
| VAT on Crypto | No |
| Staking Tax | No specific guidance |
| Airdrop Tax | No specific guidance |
No crypto-specific tax guidance. US sanctions limit activity.
| Required | Yes |
| Regulator | BCC |
| Framework | BCC Resolution 215/2021 |
| Ease | hard |
Licensing is governed by BCC Resolution 215/2021, which imposes strict controls on crypto activities and requires licenses for operation.
BCC regulates VASP licensing.
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | No |
| FATF Status | fsrb_only |
| FATF Body | GAFILAT |
| Suspicious-Activity Reporting | Yes |
Status: Restricted
DeFi activities are subject to restrictions under the Cuban regulatory framework, with no explicit support or encouragement from regulators.
Status: Restricted
Stablecoins are regulated under the same restrictive framework as other crypto assets, with no specific favorable provisions.
Status: no_rules
No regulation.
| Legal | No |
| Electricity Cost | $0.012/kWh |
| Renewable Energy | 5% |
| Infrastructure | poor |
Crypto mining is restricted in Cuba due to limited electricity infrastructure and regulatory controls. Very low electricity costs but poor infrastructure and limited renewable energy.
| Stability | unstable |
| Sanctions | Yes |
| Corruption Index | 28/100 |
| Banking Access | very_restricted |
| Sanctions Program Active | No |
Risk Factors
Cuba faces significant geopolitical risks including US sanctions and embargo, very restricted banking and internet freedom, and political instability, all of which severely constrain crypto business development.
Recent Political Events
Cuba maintains a restricted regulatory stance on cryptocurrencies, with limited frameworks such as BCC Resolution 215/2021. The Central Bank of Cuba controls foreign exchange and financial operations tightly, with no explicit supportive crypto regulations evident.
Cuba is classified by FATF as: fsrb_only.
Yes, licensing is required for VASPs.
KYC is mandatory for crypto businesses.
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VASP licensing, jurisdiction analysis, AML/KYC, legal opinions, company registration and banking access.
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Explore IT Services →Last reviewed: 2026-09-11 · Data source: Soken Crypto Legal Map
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