🇲🇨

Crypto Regulation in Monaco

Legal

Monaco enacted a comprehensive Digital Assets Law in 2022, establishing a licensing framework under the CCAF. The principality seeks to attract high-net-worth crypto investors with its favorable tax environment.

Region: EuropeCurrency: EURAdoption Rank: #41Risk Score: 25/100

Tax Information

Capital Gains (Personal)
0% - no personal income tax in Monaco (for residents)
Capital Gains (Corporate)
25% corporate tax (for companies deriving >25% revenue from outside Monaco)
VAT on Crypto
No
Staking Tax
No personal income tax for residents
Airdrop Tax
No personal income tax for residents
Mining Tax
No personal income tax; corporate rate applies if applicable
Summary
Monaco has no personal income tax, making it extremely attractive for individual crypto investors who are residents. Corporate tax applies at 25% only to companies earning more than 25% of revenue outside Monaco. Most residents enjoy tax-free crypto gains.

Licensing & Registration

License Required
Yes
Regulator
CCAF (Commission de Contrôle des Activités Financières)
Framework
Law No. 1.528 on Digital Assets (2022)
License Types
Digital Asset Service Provider License
Estimated Cost (USD)
$50,000 - $200,000
Timeline
4-12 months
Ease of Licensing
Hard
Notes
Monaco's 2022 Digital Assets Law creates a licensing framework for crypto service providers. The CCAF oversees licensing. Requirements are rigorous given Monaco's position as a financial center. Residency requirements can be challenging due to high costs.

AML / KYC

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

Mining

Mining Legal
Yes
Status
Legal
Electricity Cost ($/kWh)
$0.16
Renewable Energy
30%
Climate
Temperate
Infrastructure
Good
Tax on Mining Income
25% corporate tax (for companies deriving >25% revenue from outside Monaco)

Soken Services

Legal Opinion
Available | $3,000 - $12,000 | 10 days
Banking
Difficulty: Hard | Crypto-friendly banks: none listed
Min. Deposit
$10,000
Fiat Rails
SEPA, SWIFT, SEPA Instant
Card Payments
Visa, Mastercard
Company Registration
$8,000 | 30 days | Limited Liability Company (LLC)
Licensing Support
Available | $25,000 - $100,000

Sources

CCAF Monaco
Reviewed: 2026-02-15likely

Frequently Asked Questions

Is crypto legal in Monaco?
Cryptocurrency is currently classified as "Legal" in Monaco. Monaco enacted a comprehensive Digital Assets Law in 2022, establishing a licensing framework under the CCAF. The principality seeks to attract high-net-worth crypto investors with its favorable tax environment.
What is the crypto tax rate in Monaco?
In Monaco, the personal capital gains tax on crypto is 0% - no personal income tax in Monaco (for residents), and the corporate tax rate is 25% corporate tax (for companies deriving >25% revenue from outside Monaco). Monaco has no personal income tax, making it extremely attractive for individual crypto investors who are residents. Corporate tax applies at 25% only to companies earning more than 25% of revenue outside Monaco. Most residents enjoy tax-free crypto gains.
Do I need a crypto license in Monaco?
Yes, a crypto license is required in Monaco. The regulator is Commission de Contrôle des Activités Financières under Law No. 1.528 on Digital Assets (2022). Estimated licensing cost: $50,000 - $200,000.
Is crypto mining legal in Monaco?
Yes, crypto mining is legal in Monaco. Electricity costs approximately $0.16/kWh. Mining income is taxed at: 25% corporate tax (for companies deriving >25% revenue from outside Monaco).
What are the AML/KYC requirements for crypto in Monaco?
Yes, crypto businesses in Monaco must comply with KYC (Know Your Customer) requirements. The FATF Travel Rule is implemented. FATF compliance status: compliant.