🇲🇰 North Macedonia

North Macedonia has no dedicated crypto legislation. Crypto trading is neither prohibited nor authorized and operates in a legal grey zone. The 2022 AML/CTF Law amendment introduced VASP definitions and AML obligations for virtual asset service providers (effective April 2023). A comprehensive digital assets licensing law aligned with EU MiCA is in draft for 2026. North Macedonia is an EU candidate country but MiCA does not yet apply.

Overview

StatusRestricted
Risk Score55/100 (High Risk)
Regioneurope
CurrencyMKD

Tax Information

Capital Gains (Personal)10% personal income tax may apply
Capital Gains (Corporate)10% corporate tax
VAT on CryptoNo
Staking TaxNo specific guidance
Airdrop TaxNo specific guidance

No specific crypto tax framework. Standard 10% tax rates may apply.

Licensing & Registration

RequiredNo
RegulatorNBRM
FrameworkNo specific crypto legislation

No crypto licensing regime. NBRM has warned against crypto transactions.

Enforcement Activity

Level: Low

No significant enforcement actions reported

AML / KYC

KYC RequiredYes
Travel RuleYes
FATF MemberNo
FATF Statuslargely_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$0.07/kWh
Renewable Energy30%
Infrastructurefair

Electricity costs are moderate; renewable energy share is significant. Infrastructure is fair but not leading in Europe.

Geopolitical Risk

Stabilitymoderate
SanctionsNo
Corruption Index40/100
Banking Accessmoderate

Risk Factors

CPI 2024 score is 40 (rank 88/180), updated from prior 36. EU candidate country since 2005 but accession stalled. No sanctions. Moderate political stability under VMRO-DPMNE government.

Sources

Frequently Asked Questions

Is cryptocurrency legal in North Macedonia?

North Macedonia has no dedicated crypto legislation. Crypto trading is neither prohibited nor authorized and operates in a legal grey zone. The 2022 AML/CTF Law amendment introduced VASP definitions and AML obligations for virtual asset service providers (effective April 2023). A comprehensive digital assets licensing law aligned with EU MiCA is in draft for 2026. North Macedonia is an EU candidate country but MiCA does not yet apply.

What is the FATF status of North Macedonia?

North Macedonia is classified by FATF as: largely_compliant.

What is the AML/KYC regime in North Macedonia?

KYC is mandatory for crypto businesses.

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Last reviewed: 2026-06-01 · Data source: Soken Crypto Legal Map

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