Libya

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.

Overview

StatusBanned
Risk Score100/100 (Very High Risk)
Regionafrica west
CurrencyLYD

Tax Information

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 CryptoNo
Staking TaxN/A
Airdrop TaxN/A

No crypto-specific tax guidance available.

Licensing & Registration

RequiredNo
RegulatorCBL
FrameworkCentral Bank of Libya notice of 15 May 2021 banning financial institutions from dealing in cryptocurrencies; no crypto law
Easevery_complex

Enforcement Activity

Level: Low

No detailed enforcement information available

AML / KYC

KYC RequiredNo
Travel RuleNo
FATF MemberNo
FATF Statusnon_compliant
FATF BodyMENAFATF
Suspicious-Activity ReportingNo

DeFi, Stablecoins & NFTs

Status: Banned

Stablecoins

Status: Banned

NFTs

Status: Banned

Mining

LegalNo
Electricity Cost$0.008/kWh
Renewable Energy2%
Infrastructurepoor

Crypto mining is banned in Libya. Electricity costs are very low but infrastructure and political instability hinder mining operations.

Geopolitical Risk

Stabilityvery_unstable
SanctionsNo
Corruption Index17/100
Banking Accessvery_restricted
Sanctions Program ActiveNo

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.

Sources

Frequently Asked Questions

Is cryptocurrency legal in Libya?

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.

What is the FATF status of Libya?

Libya is classified by FATF as: non_compliant.

What is the AML/KYC regime in Libya?

KYC is not universally mandated.

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Last reviewed: 2026-09-17 · Data source: Soken Crypto Legal Map

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