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Crypto Regulation in North Macedonia

Unknown

North Macedonia has no specific crypto legislation. The National Bank has issued warnings. Crypto activities exist in a legal grey area as an EU candidate country.

Region: EuropeCurrency: MKDRisk Score: 55/100

Tax Information

Capital Gains (Personal)
10% personal income tax may apply
Capital Gains (Corporate)
10% corporate tax
VAT on Crypto
No
Staking Tax
--
Airdrop Tax
--
Mining Tax
--
Summary
No specific crypto tax framework. Standard 10% tax rates may apply.

Licensing & Registration

License Required
No
Regulator
NBRM (National Bank of the Republic of North Macedonia)
Framework
No specific crypto legislation
License Types
--
Estimated Cost (USD)
--
Timeline
--
Ease of Licensing
N/A
Notes
No crypto licensing regime. NBRM has warned against crypto transactions.

AML / KYC

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

Mining

Mining Legal
No
Status
Unknown
Electricity Cost ($/kWh)
$0.07
Renewable Energy
30%
Climate
Temperate
Infrastructure
Moderate
Tax on Mining Income
10% corporate tax
Notes
Mining legal status is unclear. Proceed with caution and seek legal advice.

Soken Services

Banking
Difficulty: Very Hard | Crypto-friendly banks: none listed
Min. Deposit
$10,000
Fiat Rails
SEPA, SWIFT, SEPA Instant
Card Payments
Visa, Mastercard

Sources

Frequently Asked Questions

Is crypto legal in North Macedonia?
Cryptocurrency is currently classified as "Unknown" in North Macedonia. North Macedonia has no specific crypto legislation. The National Bank has issued warnings. Crypto activities exist in a legal grey area as an EU candidate country.
What is the crypto tax rate in North Macedonia?
In North Macedonia, the personal capital gains tax on crypto is 10% personal income tax may apply, and the corporate tax rate is 10% corporate tax. No specific crypto tax framework. Standard 10% tax rates may apply.
Do I need a crypto license in North Macedonia?
No, North Macedonia does not currently require a specific crypto license, though other financial regulations may apply.
Is crypto mining legal in North Macedonia?
No, crypto mining is currently banned or illegal in North Macedonia. Mining legal status is unclear. Proceed with caution and seek legal advice.
What are the AML/KYC requirements for crypto in North Macedonia?
Yes, crypto businesses in North Macedonia must comply with KYC (Know Your Customer) requirements. FATF compliance status: partially_compliant.