Is crypto legal in Monaco? Regulation & rules (2026)

Law No. 1.528 of 7 July 2022 is the cornerstone statute; it amends earlier digital provisions and introduces a licensing regime for all service providers on digital assets and crypto-assets operating in the Principality.

Operating a digital-asset negotiation/trading platform requires prior State Minister approval; providing advisory or order-execution services on crypto-assets requires prior CCAF authorisation under Law 1.338 (2007) on financial activities. All licences are restricted to Monaco-registered companies.

Law 1.528 defines financial tokens, virtual financial assets (VFAs), usage tokens, and NFTs. Financial tokens and VFAs attract the most stringent regulatory treatment, analogous to traditional financial instruments under existing financial-services law.

The CCAF has published a formal public warning stating that crypto-assets are not legal tender, carry risks of total loss, lack liquidity, and that ICOs 'are not subject to specific regulations and do not benefit from any guarantee' in Monaco.

CASPs must implement AML/CFT procedures meeting SICCFIN (Monaco's financial intelligence unit) standards; foreign entities are banned from unsolicited solicitation of Monegasque residents. The regime broadly aligns with FATF Recommendation 15 on virtual-asset service providers.

Monaco's absence of personal income and capital gains tax extends to all crypto disposals and yields, giving most residents a 0% effective rate. French nationals resident in Monaco remain subject to France's 30% flat tax (PFU) on crypto gains under the 1963 bilateral tax treaty.