Montenegro Compliance Report

Regulatory Overview

Regulatory Status

Dedicated crypto/VA legislation, licensing regime, active enforcement

Key Regulator(s)

Central Bank of Montenegro, Capital Market Commission

Primary Legislation

While finding a direct English translation of the latest consolidated law can be, Montenegro has no dedicated, comprehensive law specifically governing cryptocurr, Montenegro adopted a new Law on Public Private Partnerships in December 2019 and, Montenegro's Foreign Investment Law, adopted by Parliament in 2011, establishes, No specific law on virtual assets or cryptocurrencies is cited in the provided r, Montenegro - Opinion on the draft Law on the Government - Venice Commission of t

Travel Rule

Adopted — Threshold: Implemented

Tax Reporting

Income up to €8,000 per year: 0%. Income from €8,001 to €1,000,000 per year: 9%. Income exceeding €1,000,000 per year: 15%. Taxable Event: A taxable event generally occurs when cryptocurrency is sold for fiat currency, exchanged for another cryptocurrency, or used to purchase goods/services, if a gain is realized.. Cost Basis: The acquisition cost of the cryptocurrency (in EUR) would be deducted from the sale price (in EUR) to determine the capital gain. Records of all transactions (purchase date, price, fees, sale date, price, fees) are crucial.

Key Facts

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