🇲🇪 Montenegro

Montenegro has no specific cryptocurrency legislation but operates under a legal framework that allows crypto activities. The Central Bank of Montenegro (CBCG) oversees financial stability but has not issued explicit crypto regulations.

Overview

StatusLegal
Risk Score25/100 (Low Risk)
Regioneurope
CurrencyEUR

Tax Information

Capital Gains (Personal)9%-15% progressive income tax may apply
Capital Gains (Corporate)9% corporate tax
VAT on CryptoNo
Staking TaxNo specific guidance
Airdrop TaxNo specific guidance

No specific crypto tax guidance. General income tax rates (9-15%) and 9% corporate rate may apply.

Licensing & Registration

RequiredYes
RegulatorCMA (Capital Market Authority / Komisija za tržište kapitala)
FrameworkLaw on the Prevention of Money Laundering and Terrorist Financing (as amended February 28, 2025); Rulebook on Crypto-Asset Service Providers Registry and Reputation Assessment (CMA, December 25, 2025)

No crypto-specific licensing. As an EU candidate, Montenegro may adopt MiCA-aligned regulation in the future.

Enforcement Activity

Level: Moderate

Enforcement focused on unlicensed operators and consumer protection

CBDC

StatusResearch
NameMontenegro CBDC
Issuing AuthorityCentral Bank of Montenegro
Modelretail
TechnologyRipple (DLT)

AML / KYC

KYC RequiredYes
Travel RuleNo
FATF MemberNo
FATF Statuspartially_compliant
FATF BodyMONEYVAL
Suspicious-Activity ReportingYes

DeFi, Stablecoins & NFTs

Status: Unclear

No specific DeFi regulation

Stablecoins

Status: no_rules

No specific stablecoin framework

NFTs

Status: no_rules

No specific NFT regulation

Mining

LegalYes
Electricity Cost$0.08/kWh
Renewable Energy30%
Infrastructurefair

Montenegro has legal crypto mining with moderate electricity costs and about 30% renewable energy. Infrastructure is fair but improving.

Geopolitical Risk

Stabilitymoderate
SanctionsNo
Corruption Index45/100
Banking Accessmoderate
Sanctions Program ActiveNo

Risk Factors

Montenegro is moderately stable with no major sanctions. Corruption is moderate and banking access for crypto firms is moderate. Regional tensions pose some risk.

Sources

Frequently Asked Questions

Is cryptocurrency legal in Montenegro?

Montenegro has no specific cryptocurrency legislation but operates under a legal framework that allows crypto activities. The Central Bank of Montenegro (CBCG) oversees financial stability but has not issued explicit crypto regulations.

What is the FATF status of Montenegro?

Montenegro is classified by FATF as: partially_compliant.

Are VASPs licensed in Montenegro?

Yes, licensing is required for VASPs.

What is the AML/KYC regime in Montenegro?

KYC is mandatory for crypto businesses.

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Last reviewed: 2026-09-18 · Data source: Soken Crypto Legal Map

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