Back to Run Details

Version Comparison

Run: 94f07d66... | Sao Tome and Principe - Retail Trading Status

vs

Live (Published)

View Full
Unclear Unknown
Created: 2025-06-26 13:16
Live

Live (Published)

View Full
Unclear Unknown
Created: 2025-06-26 13:16
Live

Executive Summary

The retail cryptocurrency trading status in Sao Tome and Principe is "Unclear" due to the absence of specific cryptocurrency legislation. The Central Bank of Sao Tome and Principe (BCSTP) has not issued explicit guidelines, licenses, or prohibitions concerning crypto trading, resulting in a regulatory vacuum. While efforts are underway to modernize the financial system, including electronic payments, these initiatives do not explicitly address cryptocurrencies. Without specific regulations, individuals accessing international cryptocurrency platforms do so without legal protections and face undefined risks.

The retail cryptocurrency trading status in Sao Tome and Principe is "Unclear" due to the absence of specific cryptocurrency legislation. The Central Bank of Sao Tome and Principe (BCSTP) has not issued explicit guidelines, licenses, or prohibitions concerning crypto trading, resulting in a regulatory vacuum. While efforts are underway to modernize the financial system, including electronic payments, these initiatives do not explicitly address cryptocurrencies. Without specific regulations, individuals accessing international cryptocurrency platforms do so without legal protections and face undefined risks.

Key Pillars

The primary regulator is the Central Bank of Sao Tome and Principe (Banco Central de São Tomé e Príncipe - BCSTP). The BCSTP has not issued specific guidelines, licenses, or prohibitions concerning cryptocurrency trading or holding. There are no known licensing or registration requirements for cryptocurrency exchanges or service providers. Specific KYC/AML requirements tailored to crypto-asset service providers are likely absent.

The primary regulator is the Central Bank of Sao Tome and Principe (Banco Central de São Tomé e Príncipe - BCSTP). The BCSTP has not issued specific guidelines, licenses, or prohibitions concerning cryptocurrency trading or holding. There are no known licensing or registration requirements for cryptocurrency exchanges or service providers. Specific KYC/AML requirements tailored to crypto-asset service providers are likely absent.

Landmark Laws

There are no specific legislations directly addressing cryptocurrencies. The report mentions the development of regulations for electronic funds transfers and payment systems oversight in 2023, but without specific reference to crypto-assets.

There are no specific legislations directly addressing cryptocurrencies. The report mentions the development of regulations for electronic funds transfers and payment systems oversight in 2023, but without specific reference to crypto-assets.

Considerations

Cryptocurrencies have no legal status and are not regulated in Sao Tome and Principe. There is a lack of specific KYC/AML requirements for crypto-asset service providers. General AML/CFT regulations might apply if authorities interpret them to cover crypto. The BCSTP has issued general warnings about high-risk, unregulated investments, potentially including cryptocurrencies.

Cryptocurrencies have no legal status and are not regulated in Sao Tome and Principe. There is a lack of specific KYC/AML requirements for crypto-asset service providers. General AML/CFT regulations might apply if authorities interpret them to cover crypto. The BCSTP has issued general warnings about high-risk, unregulated investments, potentially including cryptocurrencies.

Notes

Reports from 2018 indicated that neither the BCSTP nor the government had taken a public stance on the legality or regulation of cryptocurrencies. An IMF Regional Survey (March 27, 2024) notes that regulatory frameworks for crypto assets are underdeveloped in most countries in Sub-Saharan Africa. A report from Making Finance Work for Africa (February 13, 2023) mentions the development of the non-bank financial sector, including digital finance operators, with new laws on the national payment system and regulations on electronic funds transfers, but no specific mention of cryptocurrencies. An Asian Development Bank Report indicates "No legal status for cryptocurrencies" and "They are not regulated."

Reports from 2018 indicated that neither the BCSTP nor the government had taken a public stance on the legality or regulation of cryptocurrencies. An IMF Regional Survey (March 27, 2024) notes that regulatory frameworks for crypto assets are underdeveloped in most countries in Sub-Saharan Africa. A report from Making Finance Work for Africa (February 13, 2023) mentions the development of the non-bank financial sector, including digital finance operators, with new laws on the national payment system and regulations on electronic funds transfers, but no specific mention of cryptocurrencies. An Asian Development Bank Report indicates "No legal status for cryptocurrencies" and "They are not regulated."

Web Sources

11 sources

Source

Source

Source

Source

Source

Source

Source

Source

Source

Source

Source

11 sources

Source

Source

Source

Source

Source

Source

Source

Source

Source

Source

Source

Full Analysis Report

Report on Retail Cryptocurrency Trading Status in Sao Tome and Principe

Date: 2025-06-26

Topic: Retail_Trading_Status

Description: Assess whether individual citizens and residents in the country are legally permitted to buy, sell, and hold cryptocurrencies. Detail the regulatory environment surrounding this activity (e.g., KYC/AML requirements imposed on platforms, general warnings issued).

Retail_Trading_Status

Identified Status: Allowed-UnRegulated

Detailed Narrative Explanation:

As of June 2025, retail cryptocurrency trading in Sao Tome and Principe is considered Allowed-UnRegulated. This means that while there are no specific laws explicitly prohibiting or regulating the buying, selling, or holding of cryptocurrencies by individual citizens and residents, the activity is not formally recognized or governed by a dedicated crypto-focused regulatory framework.

Several sources indicate that Sao Tome and Principe has not established specific legislation for cryptocurrencies. Proelium Law LLP's cryptocurrency regulation tracker states that in Sao Tome and Principe, cryptocurrency "has no legal status" and is "not regulated". Similarly, a guide by UEEx Technology, updated in April 2025, notes that "Cryptocurrency is not officially recognized or regulated in São Tomé and Príncipe" and "the country does not have specific laws regulating crypto". It further mentions that the government has not made any clear statements about cryptocurrencies, and there are no local crypto service providers.

Despite the lack of specific regulation, individuals in Sao Tome and Principe appear to be able to access and use international cryptocurrency exchange platforms. Several exchange platforms list Sao Tome and Principe as a country where their services are accessible, allowing users to buy, sell, and trade digital currencies. These platforms often highlight that users can utilize various payment methods, including P2P trading, credit/debit cards, and crypto transfers, although local bank transfers might be limited due to the unregulated nature of crypto. For instance, Bitget states that it is "legally accessible in São Tomé & Príncipe" and users can buy Bitcoin and other cryptocurrencies through its platform. SpectroCoin also indicates the availability of services to buy Bitcoin in Sao Tome and Principe using bank transfers or credit/debit cards.

While there are no crypto-specific regulations, general financial laws and AML/CFT (Anti-Money Laundering/Combating the Financing of Terrorism) frameworks are in place in Sao Tome and Principe. The country is a member of the Financial Action Task Force (FATF) and the Intergovernmental Action Group against Money Laundering in West Africa (GIABA), and has implemented KYC/AML regulations in line with international standards. The primary legislation governing these aspects is the Anti Money Laundering and Combating the Financing of Terrorism law (Lei No. 8/13). Regulatory bodies involved in enforcing these general financial regulations include the Banco Central de São Tomé e Príncipe (BCSTP), Ministério das Finanças e Cooperação Internacional, Polícia de Investigação Criminal, and the Unidade de Inteligência Financeira de São Tomé e Príncipe (UIF). It is plausible that these existing AML/CFT frameworks would apply to any financial transactions, including those involving cryptocurrencies, if they fall within the scope of these general laws, even in the absence of crypto-specific rules. International exchanges offering services to residents would likely apply their own KYC/AML procedures, often in compliance with their home jurisdiction's regulations or international best practices.

Some reports from late 2023 and early 2024 suggested that Sao Tome and Principe was "in the process of drafting regulatory guidelines for cryptocurrency exchanges and digital wallet providers" and that these emerging regulations were "expected to include provisions for mandatory registration and adherence to defined operational standards, with a particular emphasis on transparency and responsibility," including AML/CFT measures. However, more recent information from April 2025 continues to describe the environment as unregulated. This suggests that while there might be an intention or ongoing process to develop regulations, a formal, crypto-specific regulatory framework has not yet been implemented.

Therefore, individuals can engage in cryptocurrency trading, primarily through offshore platforms, without explicit legal prohibition, but also without specific regulatory oversight or consumer protection measures tailored to crypto-assets. The general AML/CFT laws would likely be the main legal consideration for any large or suspicious transactions.

Specific, Relevant Text Excerpts:

  • Proelium Law LLP: "Sao Tome and Principe. Undecided. Cryptocurrency has no legal status; Cryptocurrency is not regulated."
  • UEEx Technology (April 11, 2025): "Cryptocurrency is not officially recognized or regulated in São Tomé and Príncipe. While the country does not have specific laws regulating crypto, people are still interested in buying, selling, and trading digital currencies like Bitcoin and Ethereum."
  • UEEx Technology (April 11, 2025): "Are Crypto Exchanges Legal in Sao Tome and Principe? Cryptocurrency is not officially recognized or regulated in São Tomé and Príncipe. The government has not made any clear statements about it, and there are no crypto service providers in the country."
  • Bitrawr (2025): "Is Bitcoin legal in Sao Tome and Principe? The legality of bitcoin and other cryptocurrencies in Sao Tome and Principe is currently unknown." (Note: "Unknown" here likely refers to the absence of explicit legal affirmation rather than a complete lack of clarity on de facto allowance).
  • Cryptocurrency Regulation in São Tomé and Príncipe: 2024 Update (December 9, 2023): "The government of São Tomé and Príncipe is in the process of drafting regulatory guidelines for cryptocurrency exchanges and digital wallet providers. These emerging regulations are expected to include provisions for mandatory registration and adherence to defined operational standards, with a particular emphasis on transparency and responsibility." (This indicates a potential future shift but current status remains largely unregulated based on more recent sources).
  • Smile ID: "As a member state of the Financial Action Task Force (FATF) and the Intergovernmental Action Group against Money Laundering in West Africa (GIABA), São Tomé and Principe has implemented KYC/AML regulations in line with international standards. ... The primary legislation governing KYC/AML in São Tomé and Principe is the Anti Money Laundering and Combating the Financing of Terrorism law (Lei No. 8/13)."

Direct, Accessible URL Links to Sources:

Disclaimer: This report is based on publicly available information and is intended for informational purposes only. It does not constitute legal or financial advice. The regulatory landscape for cryptocurrencies can change rapidly.

Report on Retail Cryptocurrency Trading Status in Sao Tome and Principe

Date: 2025-06-26

Topic: Retail_Trading_Status

Description: Assess whether individual citizens and residents in the country are legally permitted to buy, sell, and hold cryptocurrencies. Detail the regulatory environment surrounding this activity (e.g., KYC/AML requirements imposed on platforms, general warnings issued).

Retail_Trading_Status

Identified Status: Allowed-UnRegulated

Detailed Narrative Explanation:

As of June 2025, retail cryptocurrency trading in Sao Tome and Principe is considered Allowed-UnRegulated. This means that while there are no specific laws explicitly prohibiting or regulating the buying, selling, or holding of cryptocurrencies by individual citizens and residents, the activity is not formally recognized or governed by a dedicated crypto-focused regulatory framework.

Several sources indicate that Sao Tome and Principe has not established specific legislation for cryptocurrencies. Proelium Law LLP's cryptocurrency regulation tracker states that in Sao Tome and Principe, cryptocurrency "has no legal status" and is "not regulated". Similarly, a guide by UEEx Technology, updated in April 2025, notes that "Cryptocurrency is not officially recognized or regulated in São Tomé and Príncipe" and "the country does not have specific laws regulating crypto". It further mentions that the government has not made any clear statements about cryptocurrencies, and there are no local crypto service providers.

Despite the lack of specific regulation, individuals in Sao Tome and Principe appear to be able to access and use international cryptocurrency exchange platforms. Several exchange platforms list Sao Tome and Principe as a country where their services are accessible, allowing users to buy, sell, and trade digital currencies. These platforms often highlight that users can utilize various payment methods, including P2P trading, credit/debit cards, and crypto transfers, although local bank transfers might be limited due to the unregulated nature of crypto. For instance, Bitget states that it is "legally accessible in São Tomé & Príncipe" and users can buy Bitcoin and other cryptocurrencies through its platform. SpectroCoin also indicates the availability of services to buy Bitcoin in Sao Tome and Principe using bank transfers or credit/debit cards.

While there are no crypto-specific regulations, general financial laws and AML/CFT (Anti-Money Laundering/Combating the Financing of Terrorism) frameworks are in place in Sao Tome and Principe. The country is a member of the Financial Action Task Force (FATF) and the Intergovernmental Action Group against Money Laundering in West Africa (GIABA), and has implemented KYC/AML regulations in line with international standards. The primary legislation governing these aspects is the Anti Money Laundering and Combating the Financing of Terrorism law (Lei No. 8/13). Regulatory bodies involved in enforcing these general financial regulations include the Banco Central de São Tomé e Príncipe (BCSTP), Ministério das Finanças e Cooperação Internacional, Polícia de Investigação Criminal, and the Unidade de Inteligência Financeira de São Tomé e Príncipe (UIF). It is plausible that these existing AML/CFT frameworks would apply to any financial transactions, including those involving cryptocurrencies, if they fall within the scope of these general laws, even in the absence of crypto-specific rules. International exchanges offering services to residents would likely apply their own KYC/AML procedures, often in compliance with their home jurisdiction's regulations or international best practices.

Some reports from late 2023 and early 2024 suggested that Sao Tome and Principe was "in the process of drafting regulatory guidelines for cryptocurrency exchanges and digital wallet providers" and that these emerging regulations were "expected to include provisions for mandatory registration and adherence to defined operational standards, with a particular emphasis on transparency and responsibility," including AML/CFT measures. However, more recent information from April 2025 continues to describe the environment as unregulated. This suggests that while there might be an intention or ongoing process to develop regulations, a formal, crypto-specific regulatory framework has not yet been implemented.

Therefore, individuals can engage in cryptocurrency trading, primarily through offshore platforms, without explicit legal prohibition, but also without specific regulatory oversight or consumer protection measures tailored to crypto-assets. The general AML/CFT laws would likely be the main legal consideration for any large or suspicious transactions.

Specific, Relevant Text Excerpts:

  • Proelium Law LLP: "Sao Tome and Principe. Undecided. Cryptocurrency has no legal status; Cryptocurrency is not regulated."
  • UEEx Technology (April 11, 2025): "Cryptocurrency is not officially recognized or regulated in São Tomé and Príncipe. While the country does not have specific laws regulating crypto, people are still interested in buying, selling, and trading digital currencies like Bitcoin and Ethereum."
  • UEEx Technology (April 11, 2025): "Are Crypto Exchanges Legal in Sao Tome and Principe? Cryptocurrency is not officially recognized or regulated in São Tomé and Príncipe. The government has not made any clear statements about it, and there are no crypto service providers in the country."
  • Bitrawr (2025): "Is Bitcoin legal in Sao Tome and Principe? The legality of bitcoin and other cryptocurrencies in Sao Tome and Principe is currently unknown." (Note: "Unknown" here likely refers to the absence of explicit legal affirmation rather than a complete lack of clarity on de facto allowance).
  • Cryptocurrency Regulation in São Tomé and Príncipe: 2024 Update (December 9, 2023): "The government of São Tomé and Príncipe is in the process of drafting regulatory guidelines for cryptocurrency exchanges and digital wallet providers. These emerging regulations are expected to include provisions for mandatory registration and adherence to defined operational standards, with a particular emphasis on transparency and responsibility." (This indicates a potential future shift but current status remains largely unregulated based on more recent sources).
  • Smile ID: "As a member state of the Financial Action Task Force (FATF) and the Intergovernmental Action Group against Money Laundering in West Africa (GIABA), São Tomé and Principe has implemented KYC/AML regulations in line with international standards. ... The primary legislation governing KYC/AML in São Tomé and Principe is the Anti Money Laundering and Combating the Financing of Terrorism law (Lei No. 8/13)."

Direct, Accessible URL Links to Sources:

Disclaimer: This report is based on publicly available information and is intended for informational purposes only. It does not constitute legal or financial advice. The regulatory landscape for cryptocurrencies can change rapidly.