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Crypto Regulation in Cuba

Restricted

Cuba has restricted crypto activities. The BCC issued Resolution 215/2021 allowing licensing of virtual asset service providers but under strict conditions. US sanctions complicate crypto access.

Region: CaribbeanCurrency: CUPRisk Score: 80/100

Tax Information

Capital Gains (Personal)
No specific guidance
Capital Gains (Corporate)
35% 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. US sanctions limit activity.

Licensing & Registration

License Required
Yes
Regulator
BCC (Banco Central de Cuba)
Framework
BCC Resolution 215/2021
License Types
VASP License (BCC)
Estimated Cost (USD)
N/A
Timeline
N/A months
Ease of Licensing
Very Hard
Notes
BCC can license VASPs but practical barriers are significant due to US sanctions and limited internet access.

AML / KYC

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

Mining

Mining Legal
Yes
Status
Restricted
Electricity Cost ($/kWh)
$0.03
Renewable Energy
10%
Climate
Tropical
Infrastructure
Moderate
Tax on Mining Income
35% corporate tax
Notes
Very competitive electricity rates make this jurisdiction attractive for mining operations.

DeFi, Stablecoins & NFTs

DeFi: restrictedStablecoins: no rulesNFTs: no_rulesCBDC: none

Soken Services

Legal Opinion
Available | $5,000 - $20,000 | 14 days
Banking
Difficulty: Very Hard | Crypto-friendly banks: none listed
Min. Deposit
$10,000
Fiat Rails
SWIFT
Card Payments
Visa, Mastercard
Licensing Support
Available | $50,000 - $200,000

Sources

Banco Central de Cuba
Reviewed: 2026-03-01ai_baseline

Frequently Asked Questions

Is crypto legal in Cuba?
Cryptocurrency is currently classified as "Restricted" in Cuba. Cuba has restricted crypto activities. The BCC issued Resolution 215/2021 allowing licensing of virtual asset service providers but under strict conditions. US sanctions complicate crypto access.
What is the crypto tax rate in Cuba?
In Cuba, the personal capital gains tax on crypto is No specific guidance, and the corporate tax rate is 35% corporate tax. No crypto-specific tax guidance. US sanctions limit activity.
Do I need a crypto license in Cuba?
Yes, a crypto license is required in Cuba. The regulator is Banco Central de Cuba under BCC Resolution 215/2021. Estimated licensing cost: N/A.
Is crypto mining legal in Cuba?
Yes, crypto mining is legal in Cuba. Electricity costs approximately $0.03/kWh. Mining income is taxed at: 35% corporate tax. Very competitive electricity rates make this jurisdiction attractive for mining operations.
What are the AML/KYC requirements for crypto in Cuba?
Yes, crypto businesses in Cuba must comply with KYC (Know Your Customer) requirements. FATF compliance status: non_compliant.