Monaco Submits Draft Bill to Align Crypto Rules With MiCA

Key Takeaways

• Monaco submitted Bill No. 1131 on Aug. 6 to replace Law No. 1.528 and reform crypto rules.
• The CCAF will enforce MiCA and FATF standards following Monaco’s 2024 grey-listing.
• National Council approval of Bill No. 1131 will trigger secondary technical rules for providers.

Evolving Beyond the 2022 Framework

Monaco’s government has submitted a bill to its legislature to overhaul the Principality’s legal framework for crypto‑asset service providers, citing rapid growth in the digital finance sector and shifting international standards. Bill No. 1131 was formally submitted to the National Council on Aug. 6. If approved, it would replace the regime enacted in 2022 and align Monaco’s regulations more closely with the European Union’s Markets in Crypto‑Assets Regulation (MiCA) and standards set by the Financial Action Task Force (FATF).

Under Law No. 1.528, passed in July 2022, crypto‑asset and digital‑asset services were divided into two regulatory tracks based on activity. Asset issuance and operational services required approval from the State Minister, while investment services involving crypto assets required authorization from the Commission de Contrôle des Activités Financières (CCAF).