Crypto Regulation in Bhutan

Legal

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
Mining Tax
--

Licensing & Registration

License Required
No
Regulator
RMA (Royal Monetary Authority of Bhutan)
Framework
No specific crypto framework; government directly involved in Bitcoin mining via Druk Holding & Investments
License Types
--
Estimated Cost (USD)
N/A
Timeline
N/A months
Ease of Licensing
Moderate

AML / KYC

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

Mining

Mining Legal
Yes
Status
Legal
Electricity Cost ($/kWh)
$0.03
Renewable Energy
100%
Climate
Temperate
Infrastructure
Moderate
Tax on Mining Income
25% CIT (30% for mining and manufacturing)
Special Zones
Gelephu Special Administrative Region
Notes
Very competitive electricity rates make this jurisdiction attractive for mining operations.

DeFi, Stablecoins & NFTs

DeFi: unregulatedStablecoins: unregulatedNFTs: unregulatedCBDC: pilot - RMA piloting Digital Ngultrum

Soken Services

Legal Opinion
Available | $3,000 - $12,000 | 10 days
Banking
Difficulty: Hard | Crypto-friendly banks: none listed
Min. Deposit
$10,000
Fiat Rails
SWIFT
Card Payments
Visa, Mastercard
Company Registration
$8,000 | 30 days | Limited Liability Company

Sources

Royal Monetary Authority of Bhutan
medium

Frequently Asked Questions

Is crypto legal in Bhutan?
Cryptocurrency is currently classified as "Legal" in Bhutan.
What is the crypto tax rate in Bhutan?
In Bhutan, the personal capital gains tax on crypto is 0% - no capital gains tax, and the corporate tax rate is 25% CIT (30% for mining and manufacturing).
Do I need a crypto license in Bhutan?
No, Bhutan does not currently require a specific crypto license, though other financial regulations may apply.
Is crypto mining legal in Bhutan?
Yes, crypto mining is legal in Bhutan. Electricity costs approximately $0.03/kWh. Mining income is taxed at: 25% CIT (30% for mining and manufacturing). Very competitive electricity rates make this jurisdiction attractive for mining operations.
What are the AML/KYC requirements for crypto in Bhutan?
Yes, crypto businesses in Bhutan must comply with KYC (Know Your Customer) requirements.