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Crypto Regulation in Cape Verde

Unknown

Cape Verde has no specific crypto regulation. The Banco de Cabo Verde has not issued formal guidance.

Region: Africa WestCurrency: CVERisk Score: 55/100

Tax Information

Capital Gains (Personal)
No specific guidance
Capital Gains (Corporate)
22% corporate tax
VAT on Crypto
No
Staking Tax
No specific guidance
Airdrop Tax
No specific guidance
Mining Tax
No specific guidance
Summary
No crypto-specific tax guidance.

Licensing & Registration

License Required
No
Regulator
BCV (Banco de Cabo Verde)
Framework
No crypto framework
License Types
--
Estimated Cost (USD)
N/A
Timeline
N/A months
Ease of Licensing
N/A
Notes
No crypto licensing framework. Small island economy.

AML / KYC

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

Mining

Mining Legal
No
Status
Unknown
Electricity Cost ($/kWh)
$0.25
Renewable Energy
15%
Climate
Tropical
Infrastructure
Moderate
Tax on Mining Income
22% corporate tax
Notes
Mining legal status is unclear. Proceed with caution and seek legal advice.

DeFi, Stablecoins & NFTs

DeFi: unclearStablecoins: no rulesNFTs: no_rulesCBDC: none

Soken Services

Banking
Difficulty: Very Hard | Crypto-friendly banks: none listed
Min. Deposit
$10,000
Fiat Rails
SWIFT
Card Payments
Visa, Mastercard

Sources

Banco de Cabo Verde
Reviewed: 2026-03-01ai_baseline

Frequently Asked Questions

Is crypto legal in Cape Verde?
Cryptocurrency is currently classified as "Unknown" in Cape Verde. Cape Verde has no specific crypto regulation. The Banco de Cabo Verde has not issued formal guidance.
What is the crypto tax rate in Cape Verde?
In Cape Verde, the personal capital gains tax on crypto is No specific guidance, and the corporate tax rate is 22% corporate tax. No crypto-specific tax guidance.
Do I need a crypto license in Cape Verde?
No, Cape Verde does not currently require a specific crypto license, though other financial regulations may apply.
Is crypto mining legal in Cape Verde?
No, crypto mining is currently banned or illegal in Cape Verde. Mining legal status is unclear. Proceed with caution and seek legal advice.
What are the AML/KYC requirements for crypto in Cape Verde?
Yes, crypto businesses in Cape Verde must comply with KYC (Know Your Customer) requirements. FATF compliance status: partially_compliant.