Monaco tables new law to overhaul rules for crypto-asset firms

The Monegasque government has put forward a new law to overhaul the rules governing crypto-asset service providers, bringing the Principality into line with the European Union’s MiCA regulation and with international standards on financial security.

Bill no. 1131, which sets out the regulation of crypto-asset service providers’ activities, was filed with the Conseil National on 6th August. It is intended to replace the regime created by Law no. 1.528 of 7th July 2022, which the government says has been overtaken by successive changes to the European legal framework.

Why the rules are changing

The move reflects how quickly the sector, and the law around it, has shifted. The bill draws on the EU’s Markets in Crypto-Assets regulation, known as MiCA, whose own rules for service providers came fully into force across the bloc in 2026, and it takes account of the standards set by the Financial Action Task Force (FATF), the global anti-money-laundering body. Against that backdrop, Monaco’s 2022 law had become outdated, and the government frames the reform as part of a wider effort to keep Monegasque law current while holding to what it calls the highest level of financial security and compliance.

What the bill would do

The text spells out precisely which crypto-asset services may be carried out in the Principality — a deliberate choice, the government says, aimed at protecting the integrity, stability and standing of Monaco’s financial centre while still allowing activities that fit its economy to develop.

It also sets the professional obligations that would apply to providers, covering governance, prudential rules and standards of conduct. Firms wanting to operate would first have to obtain authorisation from the Commission for the Control of Financial Activities (CCAF), granted after opinions from the Monegasque Financial Security Authority (AMSF) and the Monegasque Digital Security Agency (AMSN). The bill broadens the CCAF’s role and powers accordingly, so that it can police the new framework and guard against unlawful practices.

A framework tailored to Monaco

Taken together, the government presents the reform as an attempt to give firms looking to offer crypto-asset services in the Principality a clear, demanding and secure set of rules — one that meets international standards while reflecting the particular character of the Monegasque model, rather than importing the EU regime wholesale.

What happens next

The bill now passes to the Conseil National, and its wording may change as it moves through the legislative process. Should it be adopted, it would be fleshed out by further implementing texts setting out exactly how the new rules are to work in practice.

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Photo credit: Richard McCreery, Monaco Life

 

From plastic bags to power bills: Monaco businesses mark a decade of greener trade

Ten years after Monaco created a label to steer its shops and restaurants away from single-use plastic, more than nine in ten of the merchants who have signed up say they have stopped handing out plastic bags altogether, one marker of a decade-long shift in the everyday habits of the Principality’s businesses.

The Commerce Engagé label, and its later counterpart for the restaurant trade, Restaurant Engagé, are run by Monaco’s Direction de l’Environnement alongside the French association Ecoscience Provence, which originally devised the scheme. The anniversary is being marked with an exhibition at the Galerie des Pêcheurs, running until 31st August, that traces the programme’s progress towards the target set by Prince Albert II of zero single-use plastic by 2030.

From a plastic-bag study to a ban

The starting point was a 2014 study, commissioned from Ecoscience Provence, into the plastic bags Monaco’s traders were handing out. It set out some stark context: roughly three-quarters of marine litter is plastic, and a single plastic bag takes around 450 years to break down. Of the 150 Monegasque businesses surveyed, most said they were ready to act, with the great majority already worried about the environment and convinced their customers felt the same.

That groundwork fed into an international conference on Mediterranean plastic pollution, held at the Yacht Club de Monaco in 2015, where the Prince announced that single-use plastic bags would soon be banned. The ban took effect on 1st June 2016, and the Direction de l’Environnement handed a reusable organic-cotton bag to every Monegasque household, some 22,000 in all, along with a guide to the new rules. The label itself was created the same year, with the first businesses signing up in 2017, among them Cornerstore on place de la Mairie, the Principality’s first Commerce Engagé.

What businesses sign up to

The label is built around four commitments: offering alternatives to disposable bags, reducing waste, improving practices over time, and communicating the changes to customers. In 2019, a dedicated Restaurant Engagé label was added for the food trade, tailored to its particular pressures around food waste, disposable tableware and used cooking oil.

The scheme has advanced in step with a steadily tightening set of regulations. Plastic straws were banned from January 2019, making Monaco one of the first states in the world to do so, followed by disposable plastic cups, plates and cutlery. From 1st September 2026, disposable plastic boxes, trays and salad bowls for ready-to-eat food, whether eaten in or taken away, join the list, with a new fact sheet issued to help businesses adapt.

What it has meant in practical terms

The clearest gains show up in the bins and at the till. According to the programme’s own 2025 assessment, 94% of member merchants have completely done away with plastic bags, and 80% of their waste is now sorted, up from 60% in 2020. Among member restaurants, 96% offer an alternative to disposable tableware. A separate study carried out with the electricity and gas utility SMEG found that power use in labelled restaurants fell by 7% across 2024 and 2025, at a time when consumption across restaurants generally rose by almost 10%.

The individual stories are more telling still. At the florist A Fleur de Pot, changing the greenery in its bouquets from fern to eucalyptus cut around 40 litres of biowaste and trimmed costs. The delicatessen Piam U Frescu began charging for cutlery and watched the amount it gave out fall roughly sixfold. The Oceanographic Museum’s shop reduced its paper-bag use threefold within a year simply by charging 20 cents for them, while the charcuterie Botega Renzini Norcinarte roughly halved the disposable items it handed out once customers had to pay for them.

The programme also reports a quieter effect on local trading. Around 40% of members were already sourcing or working locally when they joined; three years on, that figure rose to 82%. In 2025 alone, the network logged some 1,400 good practices and 96 fresh commitments.

A community that has kept growing

The network now counts 90 labelled establishments, 51 shops and 39 restaurants, having passed the symbolic milestone of 100 combined members in 2022. It amounts to more than 200 hours of hands-on support a year and, by the programme’s count, over 1,500 actions launched, held together by an annual gathering of the businesses involved.

A socio-economic study conducted for the tenth anniversary grouped members into three broad types: a cautious 12% who test the approach before committing, a majority of 53% who build up gradually, and an enthusiastic 35% who arrive already convinced and often set the pace for the rest. Satisfaction runs high, with 87% of members describing themselves as satisfied or very satisfied, and the support judged useful by 89% of restaurants and 73% of shops. The scheme has also drawn attention beyond Monaco, having featured in the Principality’s sustainable development reporting to the United Nations.

The road to 2030

With four years left to run on the Prince’s target, the Direction de l’Environnement says the focus now is on holding the course, embedding the habits already formed and widening the circle of businesses taking part, with continued emphasis on cutting waste at source, reuse, the fight against food waste and shorter local supply chains.

“Ten years on, the story continues, and it is being written together,” writes Valérie Davenet, Monaco’s Director of the Environment, in the exhibition’s foreword.

See also: 

Monaco to ban disposable plastic food containers from September

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Photo source: AS Monaco

Rare eclipse dims Monaco’s sky, with two more to come

Monaco had a clear view of Wednesday evening’s deep partial solar eclipse – but only from the right vantage point. While buildings, hills and the setting sun frustrated many observers at lower elevations, those who headed higher captured remarkable scenes as the moon covered around 95% of the solar disc.

Photographs taken across the Principality show crowds gathering with protective glasses to watch the rare event, which was visible throughout France for the first time on this scale since 1999.

The eclipse began over Monaco at around 7.30pm on Wednesday 12th August and reached its maximum shortly before 8.25pm. By then, only a thin section of the sun remained visible.

Why elevation made such a difference

The principal obstacle was the position of the sun. At maximum eclipse, it was sitting extremely low in the west-northwest, only minutes from disappearing below Monaco’s mountainous horizon.

From locations with buildings, trees or hills blocking the western view, the eclipse was difficult or impossible to see. Higher vantage points, however, offered the clear line of sight needed to follow it as the moon moved across the sun.

Photo credit: Stéphane Danna, Government Communications Department

Those who found the right position were rewarded with one of the deepest partial solar eclipses visible from Monaco in decades. The remaining section of the sun was still powerful enough to require certified eclipse glasses throughout the event.

Not total in Monaco—but still remarkable

Around 95% of the sun was obscured at the eclipse’s maximum over Monaco. Despite that figure, the Principality did not experience totality.

The path of the total eclipse crossed Greenland, Iceland and northern Spain, where the Moon completely covered the Sun. Monaco remained outside that narrow zone, leaving a brilliant sliver of sunlight visible even at the peak.

Photo credit: Stéphane Danna, Government Communications Department

Another, easier chance in 2027

Anyone who missed Wednesday’s spectacle will not have to wait until 2081 to see another solar eclipse from Monaco.

A partial solar eclipse will be visible from the Principality on 2nd August 2027, beginning at around 9.58am, reaching its maximum at 11.05am and ending at 12.17pm.

Around 70% of the sun is expected to be covered. Although that is less than Wednesday’s 95%, the late-morning timing should make the event considerably easier to watch, with the Sun high above Monaco rather than sinking behind the horizon.

Totality will be visible farther south, across parts of southern Spain and North Africa.

A “ring of fire” follows in 2028

Another solar eclipse will take place on 26th January 2028. This will be an annular eclipse, when the Moon passes in front of the Sun but appears too small to cover it fully, producing the distinctive “ring of fire”.

The complete annular effect will be visible from parts of Spain and Portugal, as well as sections of North Africa and South America. Monaco will see a partial eclipse beginning at around 4.42pm, although its position close to sunset could again make an unobstructed western view important.

On 3rd September 2081, the next total solar eclipse will be visible from mainland France. Before then, Monaco will have several opportunities to witness partial solar eclipses, including two in the next 18 months.

Monaco Life is produced by qualified, multi-media journalists writing original content. See more in our free newsletter, listen to our Podcasts on Spotify, and check us out on  Facebook,  Instagram,  LinkedIn and Tik Tok

Photo credit: Direction de la Communication – Stéphane Danna

Monaco United secures major sponsorship from Brazilian aesthetics giant Rennova ahead of 2027 World Cup

Monaco United has secured a major corporate partnership with Brazilian aesthetics leader Rennova, marking a significant breakthrough for the Principality’s women’s football club as it steps onto the international stage, while serving as Rennova’s official entry into European sport.

The collaboration arrives at a crucial time for women’s football globally, building momentum ahead of the upcoming World Cup hosted by Brazil in 2027. 

A strategic timing for women’s football

For Monaco United, the agreement provides valuable backing as the club looks to expand its profile, while offering Rennova a strategic foothold within a premier European market for lifestyle, beauty, and sport.

“The sponsorship of Monaco United represents another step in this path and reinforces our commitment to consolidating Rennova as a Brazilian brand with growing international recognition,” said Leonardo Rezende, CEO of Rennova and Nutriex. He noted that the partnership reflects a trajectory built on consistency, long-term vision, and an expanding presence in key global sectors.

Rennova also pointed to the discipline, high performance, and female leadership embodied by Monaco United as key drivers for the collaboration.

“Just as we believe in the transformative potential of beauty and aesthetic health, we also believe in the power of sport to inspire people, develop talent, and open pathways for the future,” Rezende said. He added that the club embodies values such as “discipline, excellence, female protagonism, and high performance that are also part of Rennova’s essence.”

Looking ahead to the future

For Monaco United, the partnership offers a vital platform to strengthen its operations and elevate its competitive edge as the global spotlight increasingly turns toward women’s football.

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Photo credit: Monaco United