---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "south_asia", "apg", "restricted"]
aliases: ["MV", "MDV", "ދިވެހިރާއްޖެ"]
created: 2026-06-01
updated: 2026-04-02
compile_into: ["[[country--maldives]]"]
sources:
  - name: "https://www.mma.gov.mv"
    url: "https://www.mma.gov.mv"
    type: "official"
---

#  Maldives (MV) — Crypto Regulation

> Maldives has no specific cryptocurrency regulation.

## Overview

| Field | Value |
|-------|-------|
| Status | Restricted |
| Risk Score | 55/100 (High Risk) |
| Enforcement Level | Moderate |
| Region | [[domain--asia-pacific|south asia]] |
| Currency | [[entity--mvr|MVR]] |

## Tax

| Type | Rate |
|------|------|
| Capital Gains (Personal) | 0% - no personal income tax on capital gains |
| Capital Gains (Corporate) | 15% CIT |
| VAT on Crypto | No |
| Mining Tax | No specific guidance |
| Staking Tax | N/A |
| Airdrop Tax | N/A |

No crypto-specific tax guidance available.

## Licensing

| Field | Value |
|-------|-------|
| Required | No |
| Regulator | [[entity--mma|MMA]] |
| Framework | No crypto framework; MMA has cautioned public about crypto risks |
| Ease | very_complex |
| Cost | N/A |
| Timeline | N/A months |

## AML / KYC

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

## DeFi

**Status:** unregulated

## Stablecoins

**Status:** unregulated

## NFTs

**Status:** unregulated

## Mining

| Field | Value |
|-------|-------|
| Legal | No |
| Electricity Cost | $0.2/kWh |
| Renewable Energy | 20% |
| Climate | tropical |
| Infrastructure | fair |

Crypto mining is restricted in Maldives due to high electricity costs and limited infrastructure. The tropical climate increases cooling costs. Renewable energy share is moderate but insufficient to lower costs significantly.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | moderate |
| Sanctions | No |
| Corruption Index | 40/100 |
| Ease of Business | moderate |
| Internet Freedom | partly_free |
| Banking Access | restricted |

## Enforcement

No detailed enforcement information available

## CBDC Status: none

## FAQ

### Is cryptocurrency legal in Maldives?

Maldives has no specific cryptocurrency regulation.

### What is the FATF status of Maldives?

Maldives is classified by FATF as: non_compliant.

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

KYC is mandatory for crypto businesses.

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-06-01.*

**Sources:**
- [https://www.mma.gov.mv](https://www.mma.gov.mv)