Is Bitcoin Legal in Cyprus?
Yes. Bitcoin is legal in Cyprus; crypto firms are authorised by CySEC under the EU's MiCA rules, and from 2026 gains are taxed at a flat 8%.
Legal and regulated · facts checked November 2026 · bitcoin is $77,620 today
| Status | Legal and regulated |
|---|---|
| Regulator | Cyprus Securities and Exchange Commission (CySEC) |
| Main law | EU Markets in Crypto-Assets Regulation (MiCA, Regulation (EU) 2023/1114) and Cyprus implementing law (2024/2025) |
| Exchanges | Yes. Crypto-asset service providers need MiCA authorisation from CySEC (or a passport from another EU state). |
| Paying with bitcoin | Not legal tender (the euro is); merchants may accept crypto. |
| Banks | Yes. |
| Tax | From 1 Jan 2026, gains from crypto-asset disposals are taxed at a flat 8% (2026 tax reform). |
| Mining | Allowed |
| Recent change | 1 Jan 2026: Cyprus's tax reform introduced the 8% flat tax on crypto gains. |
Bitcoin in Cyprus: FAQ
Is bitcoin legal in Cyprus?
Yes: bitcoin is legal in Cyprus; crypto firms are authorised by CySEC under the EU's MiCA rules, and from 2026 gains are taxed at a flat 8%.
Is bitcoin legal tender in Cyprus?
Not legal tender (the euro is); merchants may accept crypto.
How is bitcoin taxed in Cyprus?
From 1 Jan 2026, gains from crypto-asset disposals are taxed at a flat 8% (2026 tax reform).
Who regulates crypto in Cyprus?
Cyprus Securities and Exchange Commission (CySEC). Yes. Crypto-asset service providers need MiCA authorisation from CySEC (or a passport from another EU state).
Is bitcoin mining legal in Cyprus?
Allowed.
Other Countries Where Bitcoin Is Legal And Regulated
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