Maldives

Maldives has no specific cryptocurrency regulation.

Overview

StatusRestricted
Risk Score55/100 (High Risk)
Regionsouth asia
CurrencyMVR

Tax

Capital Gains (Personal)0% - no personal income tax on capital gains
Capital Gains (Corporate)15% CIT
VAT on CryptoNo
Staking TaxN/A
Airdrop TaxN/A

No crypto-specific tax guidance available.

Licensing

RequiredNo
RegulatorMMA
FrameworkNo crypto framework; MMA has cautioned public about crypto risks
Easevery_complex
CostN/A

DeFi

Status: unregulated

Stablecoins

Status: unregulated

NFTs

Status: unregulated

Mining

LegalNo
Electricity$0.2/kWh
Renewable20%
Infrastructurefair

Crypto mining is restricted in Maldives due to high electricity costs and limited infrastructure. The tropical climate increases cooling costs. Renewable energy share is moderate but insufficient to lower costs significantly.

Geopolitics

Stabilitymoderate
SanctionsNo
Corruption Index40/100
Banking Accessrestricted

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

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