Crypto Regulations in the Dominican Republic 2025
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The Dominican Republic does not have any specific crypto laws, and the Central Bank of the country does not consider crypto assets as legal currency. Any entity operating a digital asset must do it at its own risk. Despite not regulating any crypto law, it is expected by the users to follow anti-money laundering (AML)and counter financing terrorism protocols (CFT).
Table of contents- Everything you need to know about crypto regulations in the Dominican Republic
- Virtual Asset Business Legislation 2022-
- What is the government of the Dominican Republic saying about crypto?
- Crypto License in Dominican Republic 2025
- Crypto Tax in the Dominican Republic
- Crypto Adoption Rate in the Dominican Republic
- Conclusion
- FAQs
Legal status (2021)
- The Central Bank of the Dominican Republic has issued two separate statements so far, one of which confirms that ‘crypto assets are not government-backed and are not fiat currency’. This asserts the grey area of cryptocurrency in the country. According to Law 183-02 of the Republic, no payments are debts are to be accepted by the banks with crypto assets.
Risk and Penalty
- Another statement released by the Central Bank of the Dominican Republic warned the entities operating crypto, saying any individual or company dealing and investing in crypto should do it at their own risk.
- In the same statement, the officials announced that any banks or other regulated financial institutions dealing with crypto may be subject to fines and sanctions. As a result of this, most banks do not take clients dealing with crypto assets.
License–
- The Dominican Republic does not have any specific crypto regulations or licenses for Virtual Asset Service Providers (VASPs). However, if digital assets are used in financial intermediation, then the company and individual engaging in the activity would require a crypto license.
The #Government of Dominica has entered into an #agreement with #TRON following the passage of #Virtual #Asset Business #Legislation in May 2022. #TRON has obtained the #government’s #endorsement to #issue Dominica Coin (“DMC”) 