In a decisive step to modernize its financial sector, the Princely Government of Monaco has submitted Bill No. 1131 to the National Council, establishing a new legal framework for crypto-asset service providers. Introduced on August 6, 2026, the legislation aims to align the Principality’s standards with evolving international norms while safeguarding the stability and reputation of Monaco's financial center.
The proposed law directly addresses the rapid growth of digital asset services by replacing Law No. 1.528, enacted on July 7, 2022, which had become outdated relative to recent European regulatory developments. Designed to reflect Monaco's international commitments, the reform draws inspiration from the European Union’s Markets in Crypto-Assets (MiCA) regulation and incorporates standards set by the Financial Action Task Force (FATF).
Under the new regulatory structure, specific crypto-asset services permitted within the Principality will be clearly defined and tailored to the local economic environment. The bill sets stringent professional requirements for service providers, detailing obligations regarding governance, prudential standards, and business conduct.
To conduct crypto-asset activities in Monaco, institutions will be required to obtain prior authorization from the Commission de Contrôle des Activités Financières (CCAF). This approval process will involve mandatory consultations with both the Autorité Monégasque de Sécurité Financière (AMSF) and the Agence Monégasque de Sécurité Numérique (AMSN). Furthermore, the legislation extends the mandate and supervisory authority of the CCAF to enforce compliance and guard against potential illicit financial practices.
By establishing high standards of financial security and regulatory compliance, Monaco seeks to foster a secure, competitive environment that accommodates digital asset innovation without compromising financial integrity.
Photo credits: Princely Government of Monaco Instagram