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

FSA Decision E/35/2023 requires all legal or natural persons offering or conducting virtual-asset services in Oman—including exchange, transfer, and safekeeping—to register with the FSA and implement AML/CFT controls. The FSA issues an approved certificate and maintains a public register; the application window is one month.

The FSA published a proposed Virtual Assets Regulatory Framework for consultation, intended to introduce full licensing tiers, market-abuse surveillance, rules for stablecoins, ICOs/token offerings, and an ongoing supervisory regime. As of early 2026 this had not been enacted as binding legislation.

The CBO does not recognise cryptocurrencies as legal tender, has not issued any licences to digital-asset service providers, and in a 2020 AML circular warned that virtual assets fall outside the protection of national banking laws.

Under the current VASP registration instructions, VASPs are prohibited from dealing in virtual assets that conceal the identity of the originator or the nature of the transaction.

Oman levies no personal income tax or standalone capital-gains tax, so individual crypto gains are not subject to direct taxation. Corporate entities are subject to a 15% corporate income tax inclusive of capital gains.

Oman's VASP registration framework explicitly references FATF definitions and recommendations, aligning the country with international AML/CFT standards for virtual assets ahead of the full licensing regime.