Cuba Compliance Report

Regulatory Overview

Regulatory Status

Regulators have not addressed crypto; legal status ambiguous

Key Regulator(s)

Central Bank of Cuba and the Ministry of the Interior, Ministry of the Interior and the BCC

Primary Legislation

Law 143/2021, Resolution 215/2021 has been supplemented or superseded by a newer law granting, Cuba has already enacted the 2026 Law on Virtual Asset Business, which includes, Resolución 215/2021 del Banco Central de Cuba: Similar to the Decree-Law, this w, Cuba has approved a draft law governing virtual assets, indicating regulation of

Travel Rule

Adopted — Threshold: ,

Tax Reporting

Cuba authorized Cubamax to deliver cash in dollars as a limited measure, but the United States has since escalated sanctions against Cuban regime-aligned actors and entities in 2026, tightening restrictions to prevent sanctions circumvention, meaning the claim that Cuba is broadly 'legalizing and controlling' remittances to circumvent sanctions is no longer accurate.. Licensing virtual asset service providers (VASPs): Ensuring that entities dealing with crypto operate under state supervision.. Resolution 215/2021 initially authorized broad use of virtual assets under BCC supervision, but a March 2026 CiberCuba report indicates the BCC has since narrowed authorization to only a limited group of SMEs and one mixed company for cross-border payments, restricting the original scope.. Resolution 216/2021 (Gaceta Oficial No. 98 Extraordinaria de 2021): Establishes the licensing regime for Virtual Asset Service Providers (VASPs) operating in Cuba. These providers must obtain a license from the BCC to operate legally. This is where the primary regulatory oversight and potential for corporate taxation lie.. Individuals: Cuba does not have a specific capital gains tax for individuals in the Western sense, nor is there one specifically for cryptocurrency. Profits from speculative trading of virtual assets by individuals are not explicitly taxed under current Cuban law. It is highly unlikely that an individual's occasional profit from selling cryptocurrency would be considered taxable capital gain.

Key Facts

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