🇬🇮 Gibraltar

Gibraltar was one of the first jurisdictions globally to introduce a DLT regulatory framework in 2018. The GFSC licenses DLT providers under a principles-based framework. Gibraltar has attracted significant crypto business and positions itself as a crypto hub.

Overview

Statuscrypto_friendly
Risk Score15/100 (Low Risk)
Regioneurope
CurrencyGIP
Adoption Rank#13

Tax Information

Capital Gains (Personal)0% - no capital gains tax in Gibraltar
Capital Gains (Corporate)15% standard corporate income tax rate on profits accrued in or derived from Gibraltar (increased from 12.5% effective 1 July 2024). No reduced rate for DLT/crypto companies — the 10% qualifying rate was superseded. Licensed DLT entities are deemed to operate in Gibraltar and all their income is taxable at 15%.
VAT on CryptoNo
Staking TaxNo capital gains tax for individuals; corporate staking income taxed at 15% standard corporate income tax rate (increased from 12.5% effective 1 July 2024).
Airdrop TaxNo capital gains tax on airdrops for individuals

Gibraltar has no capital gains tax, making it very attractive for individual crypto investors. Corporate income is taxed at 12.5% (10% for some qualifying activities). Gibraltar is a small but highly crypto-focused jurisdiction with a clear regulatory framework.

Licensing & Registration

RequiredYes
RegulatorGFSC
FrameworkFinancial Services (Distributed Ledger Technology Providers) Regulations 2020 (as amended by Financial Services (Distributed Ledger Technology Providers) (Amendment) Regulations 2025, effective 1 April 2025); Financial Services (Regulated Activities)(Amendment) Regulations 2025 (effective 27 October 2025, adding VAAP regime); Financial Services (Core Principles and Consumer Duty) Regulations 2024; all under the Financial Services Act 2019.
Easemedium
Cost (USD)$30,000 - $150,000

Gibraltar's DLT regulatory framework (introduced January 2018) was among the first globally. The GFSC applies 9 regulatory principles covering consumer protection, cybersecurity, financial crime prevention, and resilience. Several major crypto exchanges and issuers operate from Gibraltar. Post-Brexit, Gibraltar maintains its own regulatory framework separate from MiCA.

Enforcement Activity

Level: Moderate

GFSC has imposed conditions on DLT licensees and revoked licenses for non-compliance. The regulator maintains an updated registry of authorized DLT providers.

DeFi, Stablecoins & NFTs

Status: Legal

Gibraltar's principles-based DLT framework accommodates DeFi activities. The GFSC assesses DeFi platforms on a case-by-case basis, applying its 9 regulatory principles where an operator is identifiable.

Stablecoins

Status: general_framework

Stablecoins are regulated under the DLT framework and e-money regulations. Gibraltar has hosted several stablecoin projects. No specific stablecoin legislation exists beyond the general framework.

NFTs

Status: no_rules

No NFT-specific regulation. The GFSC assesses tokens including NFTs based on their characteristics and function. Pure collectible NFTs are generally unregulated.

Mining

LegalYes
Electricity Cost$0.2/kWh
Renewable Energy30%
Infrastructuregood

Mining is legal with moderate electricity costs and a good infrastructure environment. Renewable energy accounts for about 30% of electricity supply.

Geopolitical Risk

Sanctions

Sources

Frequently Asked Questions

Is cryptocurrency legal in Gibraltar?

Gibraltar was one of the first jurisdictions globally to introduce a DLT regulatory framework in 2018. The GFSC licenses DLT providers under a principles-based framework. Gibraltar has attracted significant crypto business and positions itself as a crypto hub.

Are VASPs licensed in Gibraltar?

Yes, licensing is required for VASPs.

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Last reviewed: 2026-06-01 · Data source: Soken Crypto Legal Map

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