What is Slovakia's FATF status?

Slovakia is classified by FATF as: fsrb_only.

Are VASPs licensed in Slovakia?

Yes — licensing is required for VASPs.

What is the AML/KYC regime in Slovakia?

KYC is mandatory for crypto businesses.

🇸🇰 Slovakia

Slovakia has a clear legal framework for cryptocurrencies, aligned with the EU's Markets in Crypto-Assets Regulation (MiCA). The regulatory environment is stable and supportive of crypto activities.

Overview

Status	Legal
Risk Score	33/100 (Moderate Risk)
Region	europe
Currency	EUR
Adoption Rank	#43

Tax Information

VAT on Crypto

Licensing & Registration

Required	Yes
Regulator	NBS
Framework	Markets in Crypto-Assets Regulation (MiCA)
Ease	medium
Cost (USD)	$15,000 - $80,000

Licensing follows EU MiCA framework, requiring authorization for crypto service providers.

Enforcement Activity

Level: Low

NBS has issued consumer warnings about crypto risks. Enforcement is primarily focused on AML compliance.

AML / KYC

KYC Required	Yes
Travel Rule	Yes
FATF Member	No
FATF Status	fsrb_only
FATF Body	MONEYVAL
Suspicious-Activity Reporting	Yes

DeFi, Stablecoins & NFTs

Status: regulated

DeFi activities are regulated under the EU MiCA framework and local financial regulations.

Stablecoins

Status: regulated

Stablecoins are regulated under the Markets in Crypto-Assets Regulation (MiCA) with specific requirements for issuers.

NFTs

Status: no_rules

No specific NFT regulation

Mining

Legal	Yes
Electricity Cost	$0.14/kWh
Renewable Energy	30%
Infrastructure	good

Mining is legal with moderate electricity costs and a good infrastructure environment.

Geopolitical Risk

Stability	stable
Sanctions	No
Corruption Index	54/100
Banking Access	open

Risk Factors

regional geopolitical tensions
inflationary pressures

Slovakia is politically stable with no international sanctions. The country offers a favorable environment for crypto businesses with good banking access and internet freedom.