Is Crypto Legal in Togo?

Cryptocurrency is not explicitly illegal in Togo, but it operates without specific regulatory framework or legal recognition (2). As a member state of the West African Economic and Monetary Union, Togo falls under the oversight of the Central Bank of West African States, which serves as the common issuing institution for Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo (1). The BCEAO has the exclusive right to issue currency throughout member states, and cryptocurrencies are not recognized as legal tender within the monetary union (1).

The Togolese government has not enacted any laws specifically prohibiting cryptocurrency mining or trading activities as of 2025 (2). However, potential cryptocurrency users and miners must navigate general legal and regulatory requirements concerning electricity use, taxation, and technology imports that could impact their activities (2). The government has focused its digital economy efforts on promoting traditional digital financial services through regulated channels, including mobile money and electronic payment systems supervised by the BCEAO (2).

"Understanding the legality of crypto mining in Togo is crucial for investors, traders, and users involved in the cryptocurrency sector. Legal clarity helps in assessing the risk associated with investments and operational activities in the crypto space."

Interest in cryptocurrency has been growing in Togo, mirroring trends observed across many African nations, with several small to medium-sized mining operations beginning in the capital city Lomé (2). The Ministry of Economy and Finance has provided general guidelines and advisories within which cryptocurrency operators must function, including adherence to standard business and tax regulations that apply to all economic activities (2). Educational initiatives focusing on blockchain technology and its applications have seen increased participation, building local expertise despite the absence of comprehensive cryptocurrency-specific legislation (2).

Source:
https://www.bceao.int/en/content/presentation-bceao
https://blog.mexc.com/wiki/is-crypto-mining-legal-in-togo/

Last updated: 19-10-2025 Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly.