Crypto & Digital Assets · Andorra
Crypto & Digital Assets - Andorra
Crypto and digital assets are fully legal in Andorra and governed by a dedicated, comprehensive statute (Law 24/2022) in force since October 2022. The law sets out token categories, issuance, custody, trading platforms and DeFi, requiring authorization from the Andorran Financial Authority (AFA) with capital, insurance and a registered 'digital overseer' (veedor digital). As a non-EU microstate, Andorra is outside the EU's MiCA regime and operates its own national framework.
Law 24/2022 of 30 June regulates the digital representation of financial and non-financial assets via cryptography, DLT and blockchain; it was published in the BOPA on 20 July 2022 and entered into force on 20 October 2022.
Any entity issuing, holding or trading digital assets must obtain express authorization from the Andorran Financial Authority (AFA), subject to review of business model, technology, fit-and-proper administrators, financial capacity, minimum capital and civil-liability insurance.
The law defines categories including utility tokens, security tokens, stablecoins (private collateralized tokens) and sovereign digital money (DDSP, programmable currencies issuable by a competent authority/central bank), each with its own legal regime.
Licensed participants must appoint a registered 'digital overseer' — a natural person who is a lawyer or economist registered in Andorra (or a legal entity with such a representative) acting as supervisory liaison with the AFA.
Digital-asset activity is brought within Andorra's AML/CFT regime under Law 14/2017 of 22 June, materially amended for digital assets by Law 37/2021 of 16 December.
Andorra is not an EU member, so the EU's Markets in Crypto-Assets Regulation (MiCA) does not apply or grant passporting; Law 24/2022 is a self-standing national framework aligned with international AML/CFT standards.
Machine-assisted translation · verified 5/23/2026 · orientation, not legal advice. English version →