Monaco cryptocurrency tax guide

What this guide covers

This guide summarizes Monaco's tax and regulatory position on cryptocurrency for 2025. en.gouv.mc itself wasn't directly fetched. This is educational information, not individualized tax advice.

Tax treatment of cryptocurrency

Most individual residents owe no tax at all on crypto gains in Monaco, with one specific exception: French nationals, who stay taxed by France. Monaco levies no personal income tax and no capital gains tax on residents, applying to all asset classes with no holding-period or business-activity conditions for individual investors — a long-standing, undisputed structural feature of Monaco's tax system, not a crypto-specific ruling. As a result, profits from cryptocurrency trading, holding, and investing are reported as tax-free for individuals. A notable exception: under a 1963 Franco-Monegasque tax convention, French nationals resident in Monaco remain taxed by France, the only nationality-based exclusion from Monaco's general tax-free regime. Crypto businesses face a different picture: Monaco levies a corporate tax (Impôt sur les Bénéfices, ISB) at 25% on companies deriving more than a reported threshold of turnover from activities outside Monaco. Crypto-asset service providers are currently regulated under Law No. 1.528 of 2022, a dual licensing regime split between the Minister of State (trading platforms, exchange services) and the CCAF (investment advisory, custody, placement). Monaco submitted Bill No. 1131 to the National Council on 6 August 2026, proposing to replace Law 1.528 and align Monaco's regime more closely with the EU's MiCA and FATF standards, with expanded CCAF powers; its passage status was not confirmed in this pass. Monaco isn't an EU member, so MiCA doesn't apply directly today, but this pending bill would bring Monaco's own rules closer to it voluntarily.

Common taxable events

• Crypto business activity conducted through a Monaco company deriving a significant share of turnover from outside Monaco — potentially subject to the 25% ISB corporate tax.
• French nationals resident in Monaco — remain subject to French tax on crypto gains under the 1963 convention, not Monaco's own (largely tax-free) regime.

Potentially non-taxable events

• Any individual (non-French-national) resident's crypto trading, holding, or investment gain — reported as tax-free, consistent with Monaco's general absence of personal income and capital gains tax.
• Simply buying and holding crypto isn't a taxable event.

Tax rates and thresholds

No personal income or capital gains tax rate applies to most individual residents' crypto gains. Crypto businesses with sufficient non-Monaco turnover face the 25% ISB corporate tax; sources differ on the exact turnover threshold and whether purely domestic companies are exempt, so this guide doesn't state a specific percentage.

Cost basis and calculation

Not applicable to individual gains given the absence of personal income tax. For ISB-liable crypto businesses, ordinary Monegasque corporate tax accounting principles would apply, though this guide doesn't detail the mechanics.

Reporting and compliance

• No individual income tax filing obligation applies to most residents' personal crypto gains.
• Crypto-asset service providers face licensing obligations under Law No. 1.528 of 2022, administered by the Minister of State and the CCAF.

Residency and cross-border issues

Monaco residency is costly to obtain, reportedly requiring financial self-sufficiency and significant local assets. French nationals are the key cross-border exception, remaining taxed by France under the 1963 convention regardless of Monaco residency.

Example

This example is hypothetical, for illustration only. Sofia, an Italian national resident in Monaco, buys and sells crypto personally for a profit. That gain faces no personal income or capital gains tax in Monaco. Had Sofia instead been a French national resident in Monaco, the same gain would remain subject to French tax under the 1963 Franco-Monegasque convention.

Official resources

• Government of Monaco: https://en.gouv.mc/
• Commission de Contrôle des Activités Financières (CCAF): https://ccaf.mc/

Limitations and review information

Tax year covered: 2025. Last verified: October 29, 2026 (citation-integrity pass; isPrimary corrected from true to false, and a pending licensing-regime replacement, Bill No. 1131, identified and disclosed). Known gap: en.gouv.mc wasn't directly fetched; the ISB corporate tax turnover threshold is reported inconsistently across sources, and Bill 1131's passage status is unconfirmed. This is educational information only, not individualized tax advice — confirm current specifics directly with Monaco's Direction des Services Fiscaux or a qualified Monegasque adviser.