Andorra: Digital Assets Act – Legislation that governs the use of Blockchain Technology and Digital Assets enters into force in October 2022

October 14, 20220

Type: Legislation

Law 24/2022 was published in the Official Gazette of Andorra. The General Council of the Principality of Andorra has approved the Digital Assets Act, which establishes rules for the use of digital assets and blockchain technology. The date of implementation is set for October 20, 2022. 

The Act includes provisions that control how digital assets or digital currencies are taxed together with a comprehensive regulatory framework for blockchain technology in the nation. 

In the end, there will be two phases to Andorra’s adoption of blockchain and cryptocurrencies: 

Phase 1: Tokenization of digital assets in closed systems; 

Phase 2: The fourth Transitional Provision of the Digital Assets Act mandates that the Andorran government draft a regulatory framework for the widespread use of digital assets as financial instruments within a 12-month period. 

The main points of the Digital Assets Act are legal persons, nature persons, VAT, and determination of capital gains or losses. 


Effective date: 20th of October 2022



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