Libya has no crypto law or licensing regime. A Central Bank of Libya notice of 15 May 2021 bans financial institutions from dealing in cryptocurrencies, which amounts to an implicit ban on crypto activity in the formal financial system.
| Status | Banned |
| Risk Score | 100/100 (Very High Risk) |
| Region | africa west |
| Currency | LYD |
| Capital Gains (Personal) | No crypto-specific rules; personal income tax applies mainly to salaries at 5% to 10%, and financial institutions may not deal in crypto |
| Capital Gains (Corporate) | N/A |
| VAT on Crypto | No |
| Staking Tax | N/A |
| Airdrop Tax | N/A |
No crypto-specific tax guidance available.
| Required | No |
| Regulator | CBL |
| Framework | Central Bank of Libya notice of 15 May 2021 banning financial institutions from dealing in cryptocurrencies; no crypto law |
| Ease | very_complex |
No detailed enforcement information available
| KYC Required | No |
| Travel Rule | No |
| FATF Member | No |
| FATF Status | non_compliant |
| FATF Body | MENAFATF |
| Suspicious-Activity Reporting | No |
Status: Banned
Status: Banned
Status: Banned
| Legal | No |
| Electricity Cost | $0.008/kWh |
| Renewable Energy | 2% |
| Infrastructure | poor |
Crypto mining is banned in Libya. Electricity costs are very low but infrastructure and political instability hinder mining operations.
| Stability | very_unstable |
| Sanctions | No |
| Corruption Index | 17/100 |
| Banking Access | very_restricted |
| Sanctions Program Active | No |
Risk Factors
Libya faces severe political instability and conflict, making it a high-risk environment for crypto businesses. Banking access is very restricted and internet freedom is limited.
Libya has no crypto law or licensing regime. A Central Bank of Libya notice of 15 May 2021 bans financial institutions from dealing in cryptocurrencies, which amounts to an implicit ban on crypto activity in the formal financial system.
Libya is classified by FATF as: non_compliant.
KYC is not universally mandated.
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Explore IT Services →Last reviewed: 2026-09-17 · Data source: Soken Crypto Legal Map
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