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Monaco Crypto Tax Guide: 0% for Individuals, CIT for Companies 2026

Monaco treats cryptocurrency gains as tax-free for individuals under the 0% capital gains regime. Companies dealing in crypto may be subject to CIT at 25% (standard rate) if engaged in commercial activities. Mining, staking, and DeFi income follow the same individual vs. corporate distinction. Here is how crypto taxation works in 2026.

Monaco's tax treatment of cryptocurrency is straightforward — individuals pay 0% tax on all crypto gains. Monaco does not have a specific crypto tax law because no crypto gains are taxable at the individual level. Companies engaged in crypto trading, mining, or related commercial activities may be subject to CIT if their turnover exceeds €100,000 and they meet the CIT criteria (commercial/industrial activity with at least 25% revenue from outside Monaco). The DSF has not issued specific crypto guidance, as the general 0% individual tax regime applies. Capital gains tax rules →

Real-world example: An individual buys Bitcoin for €1,000,000 and sells 6 months later for €3,000,000. Gain: €2,000,000. Monaco CGT: €0 (no CGT for individuals). A company trading crypto as a business activity with €5,000,000 profit: CIT at 25% on profit exceeding €1M. An individual mining crypto worth €500,000 per year: treated as hobby/private activity, 0% tax. French nationals in Monaco: subject to French flat tax (prélèvement forfaitaire unique) at 30% on crypto gains (12.8% income tax + 17.2% social levies). Corporate tax rates →

Tax Classification of Crypto Activities

  • Individual holding and trading: 0% tax — crypto gains for individuals are not taxable in Monaco regardless of frequency or holding period
  • Corporate crypto trading: Taxed as business income at CIT rates (25% on profits >€1M, reduced below) if the company is subject to CIT
  • Mining (individual): Generally treated as private activity — 0% tax for non-French Monaco residents
  • Mining (corporate): Treated as commercial activity — subject to CIT if turnover and activity criteria are met
  • Staking and DeFi yield: 0% for individuals; corporate staking/DeFi operations may be subject to CIT
  • NFTs: Follow same rules as crypto — 0% for individuals, potentially CIT for corporate dealers
  • Airdrops and forks: Generally 0% for individuals as capital receipt; corporate treatment depends on activity

Crypto-to-Crypto Transactions

In Monaco, crypto-to-crypto trades (e.g., Bitcoin to Ethereum) are not taxable events for individuals. Monaco does not impose tax on any form of crypto disposal by individuals, whether to fiat or to other crypto. This is a key difference from countries like the US, UK, and France where each crypto-to-crypto trade is a taxable event. For companies subject to CIT, crypto-to-crypto trades are taxable events requiring gain/loss calculation in EUR.

Record Keeping and Reporting

  • Non-French individuals: No reporting required in Monaco. However, home country tax obligations may require record keeping
  • French nationals: Must report crypto transactions on French tax returns and pay French flat tax (30%) or progressive rates
  • Companies: Must maintain records of all crypto transactions for CIT and VAT purposes
  • VAT: Crypto exchange fees, mining pool fees, and advisory services may be subject to French VAT at 20%

Monaco participates in the OECD Crypto-Asset Reporting Framework (CARF) for automatic exchange of crypto transaction information with other jurisdictions. Monaco-based crypto exchanges must report transactions to the authorities.

Is crypto-to-fiat conversion taxable?

For individuals (non-French), no. Converting cryptocurrency to EUR or any fiat currency is not a taxable event in Monaco. There is no capital gains tax, no income tax, and no reporting requirement for individuals.

Do crypto exchanges need to register in Monaco?

Yes. Crypto exchanges and wallet providers operating in Monaco must register with the Monaco Financial Security Authority (Autorité de Contrôle Prudentiel) and comply with AML/CFT regulations under Monegasque law. They must also register for VAT on service fees and comply with CRS/CARF reporting obligations.

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