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).
Legal status (2021)
Risk and Penalty
License–
The Dominican Republic does not have any specific cryptocurrency license. Despite the lack of licensing in the country, there is no explicit prohibition on engaging in crypto activities. The existing financial regulations apply to crypto in the country, as the government is yet to address crypto and provide clarity on it specifically.
The Dominican Republic follows a territorial tax regime to balance revenue and promote innovation. Under this regime, any income earned within the country is subject to tax. This same principle applies to crypto as well. Thus, earnings from crypto-related activities such as mining and trading are taxable in the Republic.
Tax summary of the Dominican Republic
TAX | RATE |
Corporations | 27% |
residents | 25% |
Gifts | 27% |
Wealth Tax | NA |
Inheritance | 3% |
Also Read: Crypto Regulations in the British Virgin Islands 2025
The central bank of the Dominican Republic has warned against crypto but has not outright prohibited the use of digital assets. Despite the lack of comprehensive legislation regarding cryptocurrency, it is used by Dominican people. Bitcoin is one of the most popular cryptocurrencies among them, there are even Bitcoin ATM’s in Santo Domingo.
Yes, cryptocurrency ownership and use are legal in the Dominican Republic. However, the Central Bank does not consider crypto legal tender and warns users to operate at their own risk.
The Dominican Republic lacks specific crypto laws. While it doesn’t ban crypto, the Central Bank advises caution, emphasizes AML/CFT compliance, and prohibits regulated financial institutions from dealing with digital assets.
The Central Bank of the Dominican Republic primarily oversees monetary policy and has issued warnings regarding crypto, but there isn’t a dedicated regulatory body for cryptocurrencies or specific crypto laws.
The Dominican Republic follows a territorial tax regime. This means income earned within the country, including profits from crypto activities like mining and trading, is subject to tax. There is no specific capital gains tax on crypto.
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