What is Bhutan's FATF status?

Bhutan is classified by FATF as: non_compliant.

What is the AML/KYC regime in Bhutan?

KYC is mandatory for crypto businesses.

Bhutan

Bhutan has no specific cryptocurrency regulation.

Overview

Status	Legal
Risk Score	30/100 (Moderate Risk)
Region	south asia
Currency	BTN

Tax Information

Capital Gains (Personal)	0% - no capital gains tax
Capital Gains (Corporate)	25% CIT (30% for mining and manufacturing)
VAT on Crypto	No
Staking Tax	No personal tax
Airdrop Tax	No personal tax

No crypto-specific tax guidance available.

Licensing & Registration

Required	No
Regulator	RMA
Framework	No specific crypto framework; government directly involved in Bitcoin mining via Druk Holding & Investments
Ease	moderate

Enforcement Activity

Level: Moderate

No detailed enforcement information available

AML / KYC

KYC Required	Yes
Travel Rule	No
FATF Member	No
FATF Status	non_compliant
FATF Body	APG
Suspicious-Activity Reporting	No

DeFi, Stablecoins & NFTs

Status: unregulated

Stablecoins

Status: unregulated

NFTs

Status: unregulated

Mining

Legal	Yes
Electricity Cost	$0.032/kWh
Renewable Energy	100%
Infrastructure	fair

Bhutan has abundant hydropower resources providing very low-cost, 100% renewable electricity. The government is directly involved in Bitcoin mining via Druk Holding & Investments, supporting mining legality and infrastructure.

Geopolitical Risk

Stability	stable
Sanctions	No
Corruption Index	60/100
Banking Access	moderate

Risk Factors

geographic isolation
limited financial market size

Bhutan is politically stable with no international sanctions. Moderate corruption and ease of doing business. Internet freedom is partly free, and banking access for crypto companies is moderate due to conservative financial sector.