Is Crypto Legal In Andorra?

Cryptocurrency is legal in Andorra and operates under a comprehensive regulatory framework established through Law 24/2022, known as the Digital Assets Act. This law was approved by the General Council on June 30, 2022, published in the Official Gazette on July 20, 2022, and entered into force on October 20, 2022 (1). The legislation governs the digital representation of assets through cryptography, distributed ledger, and blockchain technology, positioning Andorra as an attractive destination for blockchain companies and cryptocurrency innovation.

The Digital Assets Act regulates various aspects of the cryptocurrency ecosystem, including the public and private issuance of digital assets, token representation, and the classification of different digital asset categories. The law also establishes requirements for regulated entities operating in the blockchain technology ecosystem, including specific anti-money laundering provisions, authorization procedures, supervision, and control mechanisms (1). The Andorran Financial Authority serves as the regulatory body overseeing licensing processes for entities engaging in digital asset activities, ensuring compliance with international standards.

"The approval of the Digital Assets Act is a significant step towards the economic diversification and digital transformation of the Principality of Andorra, positioning the country at the forefront of an international race to attract significant foreign investment, qualified talent and new business models."

The regulatory framework aims to create optimal conditions for Andorra to become a suitable location for innovative companies linked to blockchain technology. The law balances innovation with market needs while ensuring compliance with fundamental principles governing capital markets, including personal data protection, investor protection, market abuse prevention, and anti-money laundering legislation (2). Although cryptocurrencies are not considered financial instruments in the initial phase, the government is obligated to develop additional legislation within specified timeframes to address the widespread use of digital assets as financial instruments.

Source:
https://www.fintaxandorra.com/post/andorra-blockchain-cryptocurrency-law-approved
https://www.andorranbanking.ad/en/aba_topics/digital-assets-blockchain/

Last updated: 18-10-2025 Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly.