What is Ecuador's FATF status?

Ecuador is classified by FATF as: partially_compliant.

What is the AML/KYC regime in Ecuador?

KYC is mandatory for crypto businesses.

🇪🇨 Ecuador

Cryptocurrency is restricted in Ecuador under the Monetary and Financial Code, with partial restrictions on crypto activities. The Central Bank of Ecuador regulates digital currency use and mining is limited.

Overview

Status	Restricted
Risk Score	55/100 (High Risk)
Region	south america
Currency	USD

Tax Information

Capital Gains (Personal)	No specific crypto guidance; general income tax up to 37%
Capital Gains (Corporate)	25% corporate tax
VAT on Crypto	No
Staking Tax	No specific guidance
Airdrop Tax	No specific guidance

No crypto-specific tax framework. Ecuador uses USD as official currency.

Licensing & Registration

Required	No
Regulator	BCE / SCVS
Framework	Monetary and Financial Code (partial crypto restrictions)

Crypto as payment is restricted but holding and trading are not explicitly banned. The regulatory landscape is evolving.

Enforcement Activity

Level: Low

Limited enforcement.

AML / KYC

KYC Required	Yes
Travel Rule	No
FATF Member	No
FATF Status	partially_compliant
FATF Body	GAFILAT
Suspicious-Activity Reporting	Yes

DeFi, Stablecoins & NFTs

Status: Unclear

No DeFi regulation.

Stablecoins

Status: no_rules

No framework; country already uses USD.

NFTs

Status: no_rules

No regulation.

Mining

Legal	Yes
Electricity Cost	$0.08/kWh
Renewable Energy	55%
Infrastructure	fair

Mining is allowed but under restrictions per national regulations. Electricity cost is moderate with a significant share of renewables.

Geopolitical Risk

Stability	moderate
Sanctions	No
Corruption Index	38/100
Banking Access	moderate

Risk Factors

capital controls
currency volatility

Ecuador has moderate political stability with some economic challenges including currency volatility and capital controls affecting crypto businesses.