Croatia enforces the EU's Markets in Crypto-Assets (MiCAR) regulation. Issuers of stablecoins, whether fiat-backed or asset-referenced, must obtain authorization, comply with governance rules, maintain reserves, and submit disclosures. The MiCAR Implementation Act was passed ahead of enforcement, and national-level bylaws are expected to clarify details by late 2024. Cryptocurrencies are considered intangible assets (not legal tender), and Croatia applies AML regulations to crypto services, including exchanges and custodians. A 12% capital gains tax applies to crypto-to-fiat conversions; crypto-to-crypto trades remain untaxed.
Applicable Laws:
Cryptoassets Market Law (Bill 23.415) - https://quatro.legal/crypto-in-costa-rica-what-you-need-to-know-about-bill-23-415/
VASP AML/KYC Registration Law (File 22.837) - https://ticotimes.net/2025/07/02/costa-rica-moves-forward-with-crypto-regulation-to-combat-financial-crime
