---
type: country
domain: web3-compliance
status: compiled
tags: [Legal, EU Regulation, Crypto Tax, Crypto Regulation, Country]
aliases: [San Marino]
created: 2026-04-23
compile_into: ""
slug: country--san-marino
sources: "[./crypto-map/data.json#/SM, \"https://soken.io/crypto-map/countries/san-marino.html\"]"
source_url: "https://soken.io/crypto-map/countries/san-marino.html"
title: "San Marino — Crypto Regulation 2026 | Soken"
description: San Marino has a clear regulatory framework for cryptocurrencies, including the Delegated Decree No.
scraped_at: "2026-04-23T20:08:28.162735+00:00"
entry_type_raw: country
region: europe
---

# San Marino — Crypto Regulation 2026 | Soken

# 🇸🇲 San Marino

San Marino has a clear regulatory framework for cryptocurrencies, including the Delegated Decree No. 37/2019 on Blockchain Technology. The Central Bank of San Marino oversees financial and crypto-related activities with updated regulations and guidance.

## Overview

|     |     |
| --- | --- |
| Status | **Legal** |
| Risk Score | 30/100 (Moderate Risk) |
| Region | europe |
| Currency | EUR |

## Tax

|     |     |
| --- | --- |
| 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 | No specific guidance |
| Airdrop Tax | No specific guidance |

San Marino has no capital gains tax for individuals. Corporate income is taxed at 17%.

## Licensing

|     |     |
| --- | --- |
| Required | No |
| Regulator | BCSM |
| Framework | Delegated Decree No. 37/2019 on Blockchain Technology |
| Ease | unknown |
| Cost | N/A |

The Delegated Decree No. 37/2019 provides the regulatory framework for blockchain and crypto activities, but specific licensing details are not provided in the source.

## DeFi

**Status:** Unclear

No specific DeFi regulation

## Stablecoins

**Status:** no\_rules

No specific stablecoin framework

## NFTs

**Status:** no\_rules

No specific NFT regulation

## Mining

|     |     |
| --- | --- |
| Legal | Yes |
| Electricity | $0.18/kWh |
| Renewable | 30% |
| Infrastructure | good |

Mining is legal with moderate electricity costs and 30% renewable energy share. Infrastructure is rated good due to stable European standards.

## Geopolitics

|     |     |
| --- | --- |
| Stability | stable |
| Sanctions | No |
| Corruption Index | 65/100 |
| Banking Access | moderate |

Last reviewed: 2026-04-13 ·
Data source: [Soken Crypto Legal Map](https://soken.io/crypto-map/)

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