RESEARCH: Cape Verde cryptocurrency and digital asset securities regulatory requirements

https://grokipedia.com/page/bolsa_de_valores_de_cabo_verde

Regulatory Framework

• Regulatory Bodies: The Bolsa de Valores de Cabo Verde (BVC) is supervised by the Central Bank of Cabo Verde (BCV) and the Autoridade de Gestão do Mercado de Valores Mobiliários (AGMVM). [Central Bank of Cabo Verde](https://www.bcv.gov. cv), Autoridade de Gestão do Mercado de Valores Mobiliários
• Primary Legislation: Established by Law No. 51/V/98, dated May 11, 1998, which created the BVC as a public limited liability company. Law n.º 51/V/98
• International Standing: The exchange is a member of regional bodies like the African Securities Exchanges Association (ASEA) and the West African Capital Markets Integration Council (WACMIC). ASEA Membership, WACMIC Membership

https://investingbrokers.com/cape-verde-stock-exchange/

Regulatory Framework

• Supervision: The Cape Verde Stock Exchange operates under the supervision of the Central Bank of Cabo Verde and the Capital Market Supervision Agency. InvestingBrokers - Regulatory Oversight

https://www.mansamarkets.com/cape-verde/companies

Equity Listings

• Listed Companies: The Bolsa de Valores de Cabo Verde lists several companies, including Banco Comercial Atlântico, SABCA; Caixa Económica de Cabo Verde, SACAIXA; ENACOLENA; and Sociedade Cabo-verdiana de Tabacos, SASCT. MansaMarkets - Listed Companies

https://edubourse.com/en/stock-exchange/green-cap/

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Executive Summary

Cape Verde's cryptocurrency and digital asset securities regulatory landscape remains nascent as of 2025–2026, with no explicit legislation targeting virtual assets directly. The primary regulatory framework governing financial activities in Cape Verde is centered around traditional securities through the Bolsa de Valores de Cabo Verde (BVC), overseen by the Central Bank of Cabo Verde (BCV) and the Autoridade de Gestão do Mercado de Valores Mobiliários (AGMVM). As of now, no specific licenses for cryptocurrency exchanges or digital asset securities have been issued. The practical reality indicates that crypto-related activities operate in a regulatory gray zone, with limited guidance from authorities. Entities engaged in crypto trading or issuing tokenized assets must navigate compliance primarily through existing general financial regulations without tailored provisions for digital currencies.

Regulatory Framework

• Regulatory Bodies:
  • Central Bank of Cabo Verde (BCV) – responsible for monetary policy and oversight of banking activities.
  • Autoridade de Gestão do Mercado de Valores Mobiliários (AGMVM) – manages securities markets and ensures compliance with financial regulations. Central Bank of Cabo Verde, Autoridade de Gestão do Mercado de Valores Mobiliários
• Primary Laws:
  • Law No. 51/V/98, dated May 11, 1998, established the BVC as a public limited liability company. This law governs traditional securities markets but does not explicitly address cryptocurrencies or digital asset securities. Law n.º 51/V/98
• International Standing:
  • The BVC is a member of regional bodies such as the African Securities Exchanges Association (ASEA) and the West African Capital Markets Integration Council (WACMIC). ASEA Membership, WACMIC Membership
• Securities Exchange:
  • The BVC facilitates trading in equities, corporate bonds, government securities, and investment funds. It provides clearing, custody, and a centralized securities depository system via its electronic platform, Blu-X. InvestingBrokers - Stock Exchange Overview

Licensing Requirements

• Who Needs a License: As of 2025–2026, no specific license is required for cryptocurrency exchanges or digital asset securities in Cape Verde. Existing licenses under the AGMVM pertain to traditional financial services and do not cover virtual assets.
• Activities Requiring Licensing: Traditional securities trading, banking operations, and investment fund management require registration with AGMVM. No separate licensing path exists for crypto-related activities. InvestingBrokers - Regulatory Oversight
• Capital Requirements: Not applicable to cryptocurrencies as no specific licensing framework exists.
• Application Process and Timeline: Since no licenses are issued for digital assets, the application process is irrelevant for crypto operators. Existing securities applicants must follow AGMVM procedures. Bolsa de Valores de Cabo Verde - Legal Framework
• Structural Requirements: No structural requirements are defined for cryptocurrency exchanges under current regulations.
• Licensing Status: As of 2024, no entities have been licensed specifically for cryptocurrency or digital asset securities. MansaMarkets - Listed Companies

AML/KYC Requirements

• CDD (Customer Due Diligence): General banking regulations under BCV mandate CDD for all financial entities, but specific crypto-related CDD guidelines are absent. BCV Guidelines on Financial Services
• EDD (Enhanced Due Diligence): Not explicitly required for virtual asset services.
• STR Reporting: Standard suspicious transaction reporting applies to traditional financial institutions; crypto-specific STR protocols are not defined. AGMVM Compliance Requirements
• Beneficial Ownership: Disclosure requirements apply to listed companies on the BVC but do not extend to virtual asset service providers.
• PEP Screening: Required for all clients of regulated financial institutions, including potential crypto participants.

Enforcement Actions

• No specific enforcement actions have been reported against cryptocurrency or digital asset securities in Cape Verde as of 2025–2026. The lack of targeted regulation means that enforcement is limited to general compliance with existing financial laws. InvestingBrokers - Regulatory Oversight

Tax Treatment

• Crypto Gains: No specific tax guidance exists for virtual assets in Cape Verde. Capital gains from traditional securities are taxed under general income tax provisions, but crypto transactions fall outside this framework.
• Income Tax: Not applicable to virtual asset earnings without explicit regulation.
• VAT: Virtual asset services are not subject to VAT under current regulations.
• Conclusion: The absence of regulatory clarity implies that any taxation on crypto activities would be determined ad hoc based on general financial laws.

Key Gaps & Risks

• Regulatory Gaps:
  • No specific legislation addressing cryptocurrencies or digital assets.
  • Absence of tailored AML/KYC frameworks for virtual asset service providers.
• Operational Risks:
  • High reliance on general financial regulations may lead to inconsistent enforcement.
  • Limited guidance increases the risk of regulatory arbitrage and potential non-compliance penalties.
• Market Risks:
  • The lack of a formal crypto market could hinder liquidity and investor confidence.
  • Potential for increased scrutiny from international bodies like FATF if virtual asset activities expand without regulation. InvestingBrokers - Stock Exchange Overview

Sources

• Bolsa de Valores de Cabo Verde - Grokipedia
• Cape Verde Stock Exchange: Investing in the Stock Market in 2026
• Cape Verde Stock Exchange - InvestingBrokers.com
• All Cape Verde Listed Companies A-Z (BVC) | Mansa Markets

Claims as bullet points

• The Bolsa de Valores de Cabo Verde (BVC) operates under the supervision of the Central Bank of Cabo Verde (BCV) and the Autoridade de Gestão do Mercado de Valores Mobiliários (AGMVM). Bolsa de Valores de Cabo Verde - Grokipedia
• No specific legislation targets cryptocurrencies or digital asset securities in Cape Verde as of 2025–2026. InvestingBrokers - Regulatory Oversight
• The BVC lists several companies, including Banco Comercial Atlântico, SABCA; Caixa Económica de Cabo Verde, SACAIXA; ENACOLENA; and Sociedade Cabo-verdiana de Tabacos, SASCT. MansaMarkets - Listed Companies
• The exchange is a member of regional bodies like the African Securities Exchanges Association (ASEA) and the West African Capital Markets Integration Council (WACMIC). ASEA Membership, WACMIC Membership
• No entities have been licensed specifically for cryptocurrency or digital asset securities in Cape Verde. Bolsa de Valores de Cabo Verde - Legal Framework