Cryptocurrency operates in a legal gray area in Syria. Following the fall of the Assad regime (December 2024) and the lifting of major US and EU sanctions in 2025, there is no explicit legislative ban on crypto. The Central Bank of Syria issued a risk warning on August 19, 2025 advising citizens to avoid digital currencies due to lack of regulatory oversight. The transitional government has not enacted a formal crypto framework. International exchanges such as Binance re-entered the market in June 2025. Residual sanctions target Assad-era individuals; broad economic sanctions have been removed.
| Status | Restricted |
| Risk Score | 100/100 (Very High Risk) |
| Region | middle east |
| Currency | SYP |
| Capital Gains (Personal) | N/A |
| Capital Gains (Corporate) | N/A |
| VAT on Crypto | No |
| Staking Tax | N/A |
| Airdrop Tax | N/A |
No crypto-specific tax guidance available.
| Required | No |
| Regulator | CBS |
| Framework | Crypto transactions prohibited; international sanctions apply |
| Ease | very_complex |
No detailed enforcement information available
| KYC Required | No |
| Travel Rule | No |
| FATF Member | No |
| FATF Status | grey_list |
| FATF Body | MENAFATF |
| Suspicious-Activity Reporting | No |
Status: Banned
Status: Banned
Status: Banned
| Legal | No |
| Electricity Cost | $0.015/kWh |
| Renewable Energy | 5% |
| Infrastructure | poor |
Mining is banned in Syria. Electricity is very cheap but infrastructure is poor and unreliable. Renewable energy share is minimal.
| Stability | very_unstable |
| Sanctions | Yes |
| Corruption Index | 14/100 |
| Banking Access | very_restricted |
Risk Factors
Cryptocurrency operates in a legal gray area in Syria. Following the fall of the Assad regime (December 2024) and the lifting of major US and EU sanctions in 2025, there is no explicit legislative ban on crypto. The Central Bank of Syria issued a risk warning on August 19, 2025 advising citizens to avoid digital currencies due to lack of regulatory oversight. The transitional government has not enacted a formal crypto framework. International exchanges such as Binance re-entered the market in Ju
Syria is classified by FATF as: grey_list.
KYC is not universally mandated.
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Explore IT Services →Last reviewed: 2026-06-01 · Data source: Soken Crypto Legal Map
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