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Crypto Regulation in San Marino

Legal

San Marino enacted Delegated Decree No. 37 (2019) establishing a framework for blockchain technology and crypto activities. The BCSM oversees licensing.

Region: EuropeCurrency: EURRisk Score: 30/100

Tax Information

Capital Gains (Personal)
0% - no capital gains tax in San Marino for individuals
Capital Gains (Corporate)
17% corporate tax
VAT on Crypto
No
Staking Tax
--
Airdrop Tax
--
Mining Tax
--
Summary
San Marino has no capital gains tax for individuals. Corporate income is taxed at 17%.

Licensing & Registration

License Required
Yes
Regulator
BCSM (Banca Centrale della Repubblica di San Marino)
Framework
Delegated Decree No. 37/2019 on Blockchain Technology
License Types
Blockchain Entity Registration
Estimated Cost (USD)
--
Timeline
--
Ease of Licensing
Medium
Notes
San Marino's blockchain decree provides a licensing framework. BCSM oversees registration. Small jurisdiction with limited capacity.

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)
$0.18
Renewable Energy
30%
Climate
Temperate
Infrastructure
Good
Tax on Mining Income
17% corporate tax

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

BCSM
Reviewed: 2026-02-01ai_baseline

Frequently Asked Questions

Is crypto legal in San Marino?
Cryptocurrency is currently classified as "Legal" in San Marino. San Marino enacted Delegated Decree No. 37 (2019) establishing a framework for blockchain technology and crypto activities. The BCSM oversees licensing.
What is the crypto tax rate in San Marino?
In San Marino, the personal capital gains tax on crypto is 0% - no capital gains tax in San Marino for individuals, and the corporate tax rate is 17% corporate tax. San Marino has no capital gains tax for individuals. Corporate income is taxed at 17%.
Do I need a crypto license in San Marino?
Yes, a crypto license is required in San Marino. The regulator is Banca Centrale della Repubblica di San Marino under Delegated Decree No. 37/2019 on Blockchain Technology. Estimated licensing cost: varies.
Is crypto mining legal in San Marino?
Yes, crypto mining is legal in San Marino. Electricity costs approximately $0.18/kWh. Mining income is taxed at: 17% corporate tax.
What are the AML/KYC requirements for crypto in San Marino?
Yes, crypto businesses in San Marino must comply with KYC (Know Your Customer) requirements. The FATF Travel Rule is implemented. FATF compliance status: compliant.