🇲🇬 Madagascar

No explicit cryptocurrency regulatory framework or guidance is provided by the regulator page. The regulatory status remains unclear.

Overview

Statusunknown
Risk Score75/100 (High Risk)
Regionafrica east
CurrencyMGA

Tax

Capital Gains (Personal)No specific guidance
Capital Gains (Corporate)No specific guidance
VAT on CryptoNo
Staking TaxNo specific guidance
Airdrop TaxNo specific guidance

No crypto-specific tax guidance.

Licensing

RequiredNo
RegulatorBCM
FrameworkNo crypto framework
EaseN/A
CostN/A

No crypto licensing framework exists.

DeFi

Status: Unclear

No regulation.

Stablecoins

Status: no_rules

No framework.

NFTs

Status: no_rules

No regulation.

Mining

LegalYes
Electricity$0.12/kWh
Renewable35%
Infrastructurefair

Electricity cost is relatively high but a significant portion of energy comes from renewables. Infrastructure is moderate, with tropical climate affecting cooling costs.

Geopolitics

Stabilitymoderate
SanctionsNo
Corruption Index25/100
Banking Accessrestricted

Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map

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