---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "europe", "moneyval", "legal"]
aliases: ["MC", "MCO"]
created: 2026-04-13
updated: 2025-11-01
compile_into: ["[[country--monaco]]"]
sources:
  - name: "CCAF Monaco"
    url: "https://www.ccaf.mc"
    type: "official"
---

# 🇲🇨 [[country--monaco|Monaco]] (MC) — Crypto Regulation

> Monaco has a clear regulatory framework for financial activities including digital assets, supervised by the Commission de Contrôle des Activités Financières (CCAF). The jurisdiction enforces licensing and AML standards consistent with international norms.

## Overview

| Field | Value |
|-------|-------|
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Enforcement Level | Moderate |
| Region | [[domain--europe|europe]] |
| Currency | [[entity--eur|EUR]] |
| Adoption Rank | #41 |

## Tax

| Type | Rate |
|------|------|
| VAT on Crypto | No |

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [[entity--ccaf|CCAF]] |
| Framework | Law No. 1.528 on Digital Assets (2022) |
| Ease | medium |
| Cost | $50,000 - $200,000 |
| Timeline | 4-12 months |

Licensing is managed by the CCAF with formal application and documentation requirements. Only authorized entities may offer financial services including portfolio management and investment advice.

## AML / KYC

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

## DeFi

**Status:** Unclear

No explicit information on DeFi regulation was found in the source text.

## Stablecoins

**Status:** unknown

No specific stablecoin regulatory information was provided.

## NFTs

**Status:** no_rules

No specific NFT regulation

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.16/kWh |
| Renewable Energy | 30% |
| Climate | temperate |
| Infrastructure | good |

Mining is legal with moderate electricity costs and 30% renewable energy. Monaco has good infrastructure for data centers and internet connectivity.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | very_stable |
| Sanctions | No |
| Corruption Index | 75/100 |
| Ease of Business | easy |
| Internet Freedom | free |
| Banking Access | open |

## Enforcement

CCAF has been implementing the 2022 Digital Assets Law and processing license applications.

## CBDC Status: unknown

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-04-13.*

**Sources:**
- [CCAF Monaco](https://www.ccaf.mc)