---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "caribbean", "gafilat", "legal"]
aliases: ["CU", "CUB"]
created: 2026-09-11
updated: 2025-01-01
compile_into: ["[[country--cuba]]"]
sources:
  - name: "Banco Central de Cuba"
    url: "https://www.bc.gob.cu"
    type: "official"
  - name: "Gaceta Oficial de la Republica de Cuba: activos virtuales (BCC Res. 215/2021, 89/2022, 76/2023, 8/2025, 4/2026)"
    url: "https://www.gacetaoficial.gob.cu/en/activos-virtuales"
    type: "official"
  - name: "Ministerio de Finanzas y Precios: personal income tax progressive scale (Law 113)"
    url: "https://www.mfp.gob.cu/noticia/827"
    type: "official"
---

# 🇨🇺 [[country--cuba|Cuba]] (CU): Crypto Regulation

> 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.

## Overview

| Field | Value |
|-------|-------|
| Status | Legal |
| Risk Score | 100/100 (Very High Risk) |
| Enforcement Level | Moderate |
| Region | [[domain--caribbean|caribbean]] |
| Currency | [[entity--cup|CUP]] |

## Tax

| Type | Rate |
|------|------|
| 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 |
| Mining Tax | No specific guidance |
| 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.

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [[entity--bcc|BCC]] |
| Framework | BCC Resolution 215/2021; BCC Resolution 89/2022 (VASP licensing); BCC Resolution 76/2023 (VASP supervision and AML/CFT) |
| Ease | hard |
| Cost | N/A |
| Timeline | N/A months |

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.

## AML / KYC

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

## DeFi

**Status:** Restricted

DeFi activities are subject to restrictions under the Cuban regulatory framework, with no explicit support or encouragement from regulators.

## Stablecoins

**Status:** Restricted

Stablecoins are regulated under the same restrictive framework as other crypto assets, with no specific favorable provisions.

## NFTs

**Status:** no_rules

No regulation.

## Mining

| Field | Value |
|-------|-------|
| Legal | No |
| Electricity Cost | $0.012/kWh |
| Renewable Energy | 5% |
| Climate | tropical |
| 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.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | unstable |
| Sanctions | Yes |
| Corruption Index | 28/100 |
| Ease of Business | very_difficult |
| Internet Freedom | not_free |
| Banking Access | very_restricted |
| Sanctions Programs Active | No |

### Recent Political Events

- 2026-08-27: Cuban government condemns extension of US embargo/blockade: Continued geopolitical tensions limit foreign investment and complicate crypto business operations in Cuba

## Enforcement

BCC regulates VASP licensing.

## CBDC Status: none

## FAQ

### Is cryptocurrency legal in Cuba?

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

### What is the FATF status of Cuba?

Cuba is classified by FATF as: fsrb_only.

### Are VASPs licensed in Cuba?

Yes, licensing is required for VASPs.

### What is the AML/KYC regime in Cuba?

KYC is mandatory for crypto businesses.

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-09-11.*

**Sources:**
- [Banco Central de Cuba](https://www.bc.gob.cu)
- [Gaceta Oficial de la Republica de Cuba: activos virtuales (BCC Res. 215/2021, 89/2022, 76/2023, 8/2025, 4/2026)](https://www.gacetaoficial.gob.cu/en/activos-virtuales)
- [Ministerio de Finanzas y Precios: personal income tax progressive scale (Law 113)](https://www.mfp.gob.cu/noticia/827)