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) | / Not explicitly stated on page / |
| Capital Gains (Corporate) | / Not explicitly stated on page / |
| VAT on Crypto | No |
| Staking Tax | / Not stated / |
| Airdrop Tax | / Not stated / |
The page does not provide explicit details on crypto taxation. VAT does not apply to crypto transactions.
| Required | Yes |
| Regulator | CCAF + Ministry of State (dual authority under Law 1.528) |
| Framework | Law No. 1.528 on Digital Assets (2022) |
| 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 | Yes |
| FATF Status | compliant |
| FATF Body | FATF |
| Suspicious-Activity Reporting | Yes |
Status: unregulated
No explicit regulation or mention of DeFi; likely unregulated but subject to general financial supervision.
Status: unknown
/ No explicit information on stablecoin 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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