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Monaco

Crypto License in Monaco (2026)

Licensing regimeResearch in progressLast reviewed 2026-09-06

The full guide for this jurisdiction is being researched

What is on this page now is verified against the sources listed below: the regulator, the governing framework and the shape of the regime. Costs, requirements and the application process land here once our research is reviewed.

Read this before you plan an application

Operating without the required agrement can trigger one to five years of imprisonment and criminal fines under Loi n. 1.528, and unsolicited approaches to persons domiciled in Monaco are prohibited.

Yes. A business providing covered digital-asset or crypto-asset services in Monaco generally needs prior agrement, or authorisation. The main framework is Loi n. 1.528 of 7 July 2022. The Minister of State grants most approvals, while the Commission de Controle des Activites Financieres grants approvals for specified services involving financial tokens. Monaco is not an EU or EEA member, so MiCA does not apply directly.

Key facts

Regime
Licensing regime
Regulator
Minister of State, with the Commission de Controle des Activites Financieres (CCAF) for financial-token services
Framework
Loi n. 1.528 du 7 juillet 2022 portant modification de diverses dispositions en matiere de numerique et reglementation des activites des prestataires de services sur actifs numeriques ou sur crypto-actifs (2022)
Time to license
The statutory decision deadline is not stated in Loi n. 1.528. Article 15 delegates the deadline to Ordonnance Souveraine, and silence after that period counts as rejection. Observed processing practice was not reported in the primary sources checked.
Foreign owners
The applicant must be a Monaco-registered company, but Article 17 does not state that shareholders, directors or controlling persons must be Monaco residents or nationals. Their competence, repute and control status are assessed.

License classes in Monaco

License classes, the activities each covers, and their fees and capital requirements where published.
ClassCoversFeeCapital
Minister of State agrementDigital-asset exchange, trading-platform operation, exchange for legal tender, and crypto-asset services other than the specified financial-token servicesNot published in Loi n. 1.528 or the sources checkedOwn-funds amount not published in the statute; to be fixed by Ordonnance Souveraine
CCAF financial-token approvalPlacement, order execution, reception and transmission of orders, and advice concerning crypto-assets that are financial tokensNot published in the sources checkedOwn-funds amount not published in Loi n. 1.528; further requirements arise under Loi n. 1.338

What the application requires

  • A Monaco-registered company, or a company in formation in Monaco, is the applicant
  • Directors and managers must be competent and of good repute
  • Persons holding more than 25 percent or otherwise controlling the company must be competent and of good repute
  • Compliance with anti-money-laundering, counter-terrorist-financing, anti-corruption and sanctions-screening obligations
  • Professional civil-liability insurance
  • Own funds, with the amount set by Ordonnance Souveraine
  • Suitable premises, equipment and staff
  • Adequate security and internal-control arrangements
  • Resilient and secure information systems
  • Arrangements for identifying and managing conflicts of interest
  • Continuing compliance with the conditions the approval was granted on

The application process

  1. Form the applicant

    Use a Monaco-registered company, or apply through a company in formation in Monaco

  2. Classify the services

    Identify each service under Articles 12 and 13 and establish whether financial tokens move the application onto the CCAF route

  3. Build the application file

    The dossier must carry the information required by Ordonnance Souveraine; no public application form was located

  4. File with the competent authority

    The consultative commission first rules on admissibility, then examines a complete dossier

  5. Regulatory review

    The commission takes anti-money-laundering and information-security input from the relevant Monaco authorities

  6. Decision

    The Minister of State or the CCAF issues the approval for the applicable service category

  7. Publication and ongoing conditions

    Approved providers and their services are published; material changes need the approval to be modified first

Costs and taxation

The checked statute and public CCAF materials do not publish an application fee, an annual supervision fee, or a class-specific fee. The statute delegates own-funds amounts and application details to Ordonnance Souveraine.

A company carrying out commercial or industrial activity with more than 25 percent of turnover outside Monaco is generally subject to corporate income tax at 25 percent for financial years beginning on or after 1 January 2022. A genuinely new qualifying business may receive two years without tax followed by graduated relief.

Who is licensed today

Article 14 requires a Government publication of providers and their authorised services, and Article 20 requires a CCAF publication for financial-token services. The CCAF list dated 30 June 2026 covers general financial firms and does not identify a dedicated crypto-provider category, so no crypto-specific count can be read from it. See the official register.

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Frequently asked questions

Do I need a crypto licence in Monaco?

Yes. Covered professional services need prior agrement under Loi n. 1.528 of 7 July 2022, and operating without one carries criminal penalties.

Who grants a Monaco crypto authorisation?

The Minister of State grants most approvals. The Commission de Controle des Activites Financieres handles specified services involving financial tokens.

Does a Monaco licence cover crypto custody?

Yes. Custody or administration of crypto-assets and of the credentials that access them is listed as a crypto-asset service in the law.

What is the minimum capital for a Monaco crypto company?

Loi n. 1.528 requires own funds but does not set the amount, which it delegates to Ordonnance Souveraine. No figure was found in the sources checked.

Does MiCA apply in Monaco?

No. Monaco is outside the EU and the EEA, so the EU crypto regulation does not apply and a Monaco approval cannot be passported into the EU.

Is there a public register of licensed crypto firms in Monaco?

The law requires approved providers to be published, but the CCAF list dated 30 June 2026 covers general financial firms with no dedicated crypto category.

Sources

Buying bitcoin as an individual is a different question entirely: how to buy bitcoin in Monaco covers exchanges, payment methods and legality for residents, and the crypto license hub compares every jurisdiction we track.

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