Eritrea has an effectively closed financial system. Cryptocurrency use is not permitted. The government maintains strict capital controls and foreign currency regulations.
| Status | Banned |
| Risk Score | 70/100 (High Risk) |
| Region | africa east |
| Currency | ERN |
| Capital Gains (Personal) | N/A |
| Capital Gains (Corporate) | N/A |
| VAT on Crypto | No |
| Staking Tax | N/A |
| Airdrop Tax | N/A |
Crypto is not permitted.
| Required | No |
| Regulator | Bank of Eritrea |
| Framework | No crypto framework; effectively banned |
Crypto is not permitted. Eritrea maintains strict financial controls.
Strict financial controls enforced.
| KYC Required | Yes |
| Travel Rule | No |
| FATF Member | No |
| FATF Status | non_compliant |
| FATF Body | ESAAMLG |
| Suspicious-Activity Reporting | No |
Status: Banned
Not permitted.
Status: Banned
Not permitted.
Status: Banned
Not permitted.
| Legal | No |
| Electricity Cost | $0.08/kWh |
| Renewable Energy | 35% |
| Infrastructure | poor |
Crypto mining is banned in Eritrea. Electricity cost is relatively high at $0.08/kWh with moderate renewable energy share. Infrastructure for mining is poor due to limited data center and internet facilities.
| Sanctions | — |
Eritrea has an effectively closed financial system. Cryptocurrency use is not permitted. The government maintains strict capital controls and foreign currency regulations.
Eritrea is classified by FATF as: non_compliant.
KYC is mandatory for crypto businesses.
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Explore IT Services →Last reviewed: 2026-06-01 · Data source: Soken Crypto Legal Map
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