Monaco has a clear regulatory framework for financial activities including digital assets, supervised by the Commission de Contrôle des Activités Financières (CCAF). The jurisdiction enforces licensing and AML standards consistent with international norms.
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Region | europe |
| Currency | EUR |
| Adoption Rank | #41 |
| VAT on Crypto | No |
| Required | Yes |
| Regulator | CCAF |
| Framework | Law No. 1.528 on Digital Assets (2022) |
| Ease | medium |
| Cost (USD) | $50,000 - $200,000 |
Licensing is managed by the CCAF with formal application and documentation requirements. Only authorized entities may offer financial services including portfolio management and investment advice.
CCAF has been implementing the 2022 Digital Assets Law and processing license applications.
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | No |
| FATF Status | fsrb_only |
| FATF Body | MONEYVAL |
| Suspicious-Activity Reporting | Yes |
Status: Unclear
No explicit information on DeFi regulation was found in the source text.
Status: unknown
No specific stablecoin regulatory information was provided.
Status: no_rules
No specific NFT regulation
| Legal | Yes |
| Electricity Cost | $0.16/kWh |
| Renewable Energy | 30% |
| Infrastructure | good |
Mining is legal with moderate electricity costs and 30% renewable energy. Monaco has good infrastructure for data centers and internet connectivity.
| Stability | very_stable |
| Sanctions | No |
| Corruption Index | 75/100 |
| Banking Access | open |
Monaco is politically stable with no international sanctions. It has a high corruption index score indicating low corruption, an easy business environment, free internet, and open banking access for crypto companies.
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Explore IT Services →Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map
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