Monaco regulates financial activities including crypto under the Commission de Contrôle des Activités Financières (CCAF). The legal framework includes Law No. 1.528 on Digital Assets (2022), with active supervision and licensing requirements for financial entities.
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Region | europe |
| Currency | EUR |
| Adoption Rank | #41 |
| Capital Gains (Personal) | 0% (no personal income or capital gains tax for Monaco residents, except French nationals under the 1963 Franco-Monegasque tax convention) |
| Capital Gains (Corporate) | 25% profits tax (ISB), applicable only to companies earning more than 25% of turnover outside Monaco |
| VAT on Crypto | No |
| Staking Tax | / Not stated / |
| Airdrop Tax | / Not stated / |
Monaco levies no personal income tax, so residents (other than French nationals) pay no tax on crypto gains. Companies pay the 25% profits tax (ISB) only if more than 25% of their turnover is generated outside Monaco. Monaco applies French-aligned VAT rules, under which exchanging crypto for fiat is VAT exempt.
| Required | Yes |
| Regulator | CCAF + Ministry of State (dual authority under Law 1.528) |
| Framework | Law No. 1.528 of 7 July 2022 on digital matters and the regulation of digital asset and crypto-asset service providers |
| Ease | medium |
| Cost (USD) | $50,000 - $200,000 |
Entities must obtain prior authorization from the CCAF for any significant changes in capital, management, or corporate purpose. The CCAF actively monitors and sanctions unauthorized financial activities.
CCAF has been implementing the 2022 Digital Assets Law and processing license applications.
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | No |
| FATF Status | compliant |
| Suspicious-Activity Reporting | Yes |
Status: unregulated
No explicit regulation or mention of DeFi; likely unregulated but subject to general financial supervision.
Status: unknown
Monaco has no stablecoin-specific regulation.
Status: no_rules
No specific NFT regulation
| Legal | Yes |
| Electricity Cost | $0.16/kWh |
| Renewable Energy | 30% |
| Infrastructure | good |
Mining is legal but limited by high electricity costs and moderate renewable energy share. Infrastructure is good given Monaco's developed status.
| Stability | very_stable |
| Sanctions | No |
| Corruption Index | 75/100 |
| Banking Access | open |
| Sanctions Program Active | No |
Risk Factors
Monaco is politically stable with strong financial regulation and no international sanctions. Corruption is low and business environment is favorable for crypto companies.
Monaco regulates financial activities including crypto under the Commission de Contrôle des Activités Financières (CCAF). The legal framework includes Law No. 1.528 on Digital Assets (2022), with active supervision and licensing requirements for financial entities.
Monaco is classified by FATF as: compliant.
Yes, licensing is required for VASPs.
KYC is mandatory for crypto businesses.
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Explore IT Services →Last reviewed: 2026-09-18 · Data source: Soken Crypto Legal Map
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