---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "caribbean", "cfatf", "legal"]
aliases: ["DM", "DMA"]
created: 2026-09-12
updated: 2025-01-01
compile_into: ["[[country--dominica]]"]
sources:
  - name: "ECCB"
    url: "https://www.eccb-centralbank.org"
    type: "official"
  - name: "Virtual Asset Business Act, 2022 (Act No. 1 of 2022)"
    url: "https://dominica.gov.dm/laws/2022/Virtual_Asset_Business_Act_202_Act_1_of_2022.pdf"
    type: "official"
  - name: "FSU Dominica legislation"
    url: "https://fsu.gov.dm/legislation"
    type: "official"
  - name: "Inland Revenue Division Dominica: Personal Income Tax"
    url: "https://ird.gov.dm/tax-laws/personal-income-tax"
    type: "official"
  - name: "Inland Revenue Division Dominica: Corporate Income Tax"
    url: "https://www.ird.gov.dm/tax-laws/corporate-income-tax"
    type: "official"
---

# 🇩🇲 [[country--dominica|Dominica]] (DM): Crypto Regulation

> Dominica has a clear regulatory framework for financial services including virtual assets, regulated by the Financial Services Unit under the Ministry of Finance. The jurisdiction is considered stringent and compliant with AML/CFT regulations.

## Overview

| Field | Value |
|-------|-------|
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Enforcement Level | None |
| Region | [[domain--caribbean|caribbean]] |
| Currency | [[entity--xcd|XCD]] |

## Tax

| Type | Rate |
|------|------|
| Capital Gains (Personal) | No crypto-specific rules; general income tax applies to individuals' business, employment, rental, interest and fee income after a EC$30,000 resident allowance |
| Capital Gains (Corporate) | 25% corporate income tax on net profit |
| VAT on Crypto | No |

No crypto-specific tax guidance. Individuals pay income tax on business, employment, rental, interest and fee income above a EC$30,000 resident allowance, and companies pay 25% on net profit.

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [[entity--fsu|FSU]] |
| Framework | Virtual Asset Business Act No. 1 of 2022 and Virtual Asset Business Regulation 2024 |
| Ease | medium |
| Cost | N/A |
| Timeline | N/A months |

Virtual asset businesses must register with the Financial Services Unit under the Virtual Asset Business Act, 2022 (Act No. 1 of 2022); registration is renewed annually.

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | No |
| FATF Status | compliant |

## DeFi

**Status:** Legal

DeFi activities are generally permitted under the existing virtual asset regulatory framework without explicit restrictions.

## Stablecoins

**Status:** regulated

Stablecoins fall under the Virtual Asset Business Act and are subject to the same regulatory oversight as other virtual assets.

## NFTs

**Status:** no_rules

No regulation.

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.28/kWh |
| Renewable Energy | 10% |
| Climate | tropical |
| Infrastructure | fair |

Mining is legal but electricity costs are relatively high compared to global averages, and renewable energy penetration is low, which may impact mining profitability.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | stable |
| Sanctions | No |
| Corruption Index | 55/100 |
| Ease of Business | moderate |
| Internet Freedom | free |
| Banking Access | moderate |
| Sanctions Programs Active | No |

## Enforcement

No known enforcement.

## CBDC Status: suspended

## FAQ

### Is cryptocurrency legal in Dominica?

Dominica has a clear regulatory framework for financial services including virtual assets, regulated by the Financial Services Unit under the Ministry of Finance. The jurisdiction is considered stringent and compliant with AML/CFT regulations.

### What is the FATF status of Dominica?

Dominica is classified by FATF as: compliant.

### Are VASPs licensed in Dominica?

Yes, licensing is required for VASPs.

### What is the AML/KYC regime in Dominica?

KYC is mandatory for crypto businesses.

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-09-12.*

**Sources:**
- [ECCB](https://www.eccb-centralbank.org)
- [Virtual Asset Business Act, 2022 (Act No. 1 of 2022)](https://dominica.gov.dm/laws/2022/Virtual_Asset_Business_Act_202_Act_1_of_2022.pdf)
- [FSU Dominica legislation](https://fsu.gov.dm/legislation)
- [Inland Revenue Division Dominica: Personal Income Tax](https://ird.gov.dm/tax-laws/personal-income-tax)
- [Inland Revenue Division Dominica: Corporate Income Tax](https://www.ird.gov.dm/tax-laws/corporate-income-tax)