Cryptocurrency activities in Cuba are restricted with limited regulatory clarity. The Central Bank of Cuba (BCC) issued Resolution 215/2021 acknowledging virtual assets but the environment remains cautious and controlled. Cuba is subject to comprehensive US OFAC sanctions and embargo since the 1960s, which severely restricts international crypto operations and banking access. Sanctions remain in force as of 2026.
| Status | Restricted |
| Risk Score | 75/100 (High Risk) |
| Region | caribbean |
| Currency | CUP |
| Capital Gains (Personal) | No specific guidance |
| Capital Gains (Corporate) | 35% corporate tax |
| VAT on Crypto | No |
| Staking Tax | No specific guidance |
| Airdrop Tax | No specific guidance |
No crypto-specific tax guidance. US sanctions limit activity.
| Required | Yes |
| Regulator | BCC |
| Framework | BCC Resolution 215/2021 |
| Ease | hard |
Licensing is governed by BCC Resolution 215/2021, which imposes strict controls on crypto activities and requires licenses for operation.
BCC regulates VASP licensing.
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | No |
| FATF Status | fsrb_only |
| FATF Body | GAFILAT |
| Suspicious-Activity Reporting | Yes |
Status: Restricted
DeFi activities are subject to restrictions under the Cuban regulatory framework, with no explicit support or encouragement from regulators.
Status: Restricted
Stablecoins are regulated under the same restrictive framework as other crypto assets, with no specific favorable provisions.
Status: no_rules
No regulation.
| Legal | No |
| Electricity Cost | $0.012/kWh |
| Renewable Energy | 5% |
| Infrastructure | poor |
Mining is restricted due to limited infrastructure and regulatory constraints. Electricity is very cheap but infrastructure and regulatory environment limit mining operations.
| Stability | unstable |
| Sanctions | Yes |
| Corruption Index | 28/100 |
| Banking Access | very_restricted |
Risk Factors
Cuba faces significant geopolitical risks including longstanding US sanctions, strict capital controls, and limited internet freedom, making crypto business operations very challenging.
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Explore IT Services →Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map
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