Cuba regulates virtual assets under Central Bank of Cuba Resolution 215/2021, which lets the BCC authorise their use in commercial transactions and license virtual asset service providers. Resolution 89/2022 sets licensing requirements, Resolution 76/2023 designates a BCC directorate to register and supervise providers for AML/CFT, a provider was licensed in 2025, and Resolution 4/2026 authorises named legal entities to use virtual assets in cross-border payments. Activity remains tightly controlled by the state.
| Status | Legal |
| Risk Score | 100/100 (Very High Risk) |
| Region | caribbean |
| Currency | CUP |
| Capital Gains (Personal) | No crypto-specific rules; personal income tax under Law 113 on the Tax System applies at a progressive scale |
| Capital Gains (Corporate) | 35% corporate tax |
| VAT on Crypto | No |
| Staking Tax | No specific guidance |
| Airdrop Tax | No specific guidance |
No crypto-specific tax rules. Individuals pay personal income tax on the progressive scale of Law 113 on the Tax System, and Resolution 268/2023 of the Ministry of Finance and Prices sets the accounting standard for virtual assets (NEC 18). US sanctions limit activity.
| Required | Yes |
| Regulator | BCC |
| Framework | BCC Resolution 215/2021; BCC Resolution 89/2022 (VASP licensing); BCC Resolution 76/2023 (VASP supervision and AML/CFT) |
| Ease | hard |
Virtual asset service providers need a Central Bank of Cuba licence under Resolutions 215/2021 and 89/2022. Transactions between individuals are not prohibited, but individuals bear the civil and criminal risks of using providers outside the banking system.
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 regulates virtual assets under Central Bank of Cuba Resolution 215/2021, which lets the BCC authorise their use in commercial transactions and license virtual asset service providers. Resolution 89/2022 sets licensing requirements, Resolution 76/2023 designates a BCC directorate to register and supervise providers for AML/CFT, a provider was licensed in 2025, and Resolution 4/2026 authorises named legal entities to use virtual assets in cross-border payments. Activity remains tightly contro
Cuba is classified by FATF as: fsrb_only.
Yes, licensing is required for VASPs.
KYC is mandatory for crypto businesses.
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Explore IT Services →Last reviewed: 2026-09-11 · Data source: Soken Crypto Legal Map
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