---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "north_america", "fatf", "legal"]
aliases: ["GL", "GRL", "Kalaallit Nunaat"]
created: 2026-06-01
updated: 2025-06-01
compile_into: ["[[country--greenland]]"]
sources:
  - name: "Danish Financial Supervisory Authority"
    url: "https://www.finanstilsynet.dk"
    type: "official"
---

# 🇬🇱 [[country--greenland|Greenland]] (GL) — Crypto Regulation

> Greenland follows EU regulations including the Markets in Crypto-Assets Regulation ([[concept--mica|MiCA]]) and maintains a legal framework for cryptocurrency activities. The financial supervisory authority ensures compliance with laws to protect consumers and maintain financial stability.

## Overview

| Field | Value |
|-------|-------|
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Enforcement Level | Moderate |
| Region | [[domain--north-america|north america]] |
| Currency | [[entity--dkk|DKK]] |

## Tax

| Type | Rate |
|------|------|
| Capital Gains (Personal) | Danish tax framework applies; up to 52.06% on crypto gains |
| Capital Gains (Corporate) | Greenland corporate income tax rate is 25% (effective from 1 January 2020), not the Danish rate of 22%. This is Greenland's own separate corporate tax, distinct from Denmark's system. |
| VAT on Crypto | No |
| Mining Tax | Danish tax rules apply |
| Staking Tax | Taxable as income |
| Airdrop Tax | Taxable as income |

Danish/Greenlandic tax rules apply. Crypto is taxed as personal income.

## Licensing

| Field | Value |
|-------|-------|
| Required | No |
| Regulator | Finanstilsynet (Danish FSA) |
| Framework | No applicable crypto-specific framework. MiCA does NOT apply to Greenland as Greenland is an EU Overseas Country and Territory (OCT), not an EU member state. There is no domestic Greenlandic crypto regulatory framework as of 2026-06-01. |
| Ease | medium |
| Cost | $30,000 - $200,000 |
| Timeline | 6-12 months |

Licensing and reporting requirements are aligned with EU MiCA and Danish AML Act, with ongoing updates to reporting systems in 2026.

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | Yes |
| Travel Rule | Yes |
| [[concept--fatf|FATF]] Member | No |
| FATF Status | fsrb_only |

## DeFi

**Status:** Unknown

## Stablecoins

**Status:** Unknown

## NFTs

**Status:** Unclear

MiCA NFT provisions apply.

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.1/kWh |
| Renewable Energy | 20% |
| Climate | arid |
| Infrastructure | fair |

Mining is legal with moderate electricity costs and 20% renewable energy. Infrastructure is fair due to remote location and limited data center capacity.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | stable |
| Sanctions | No |
| Corruption Index | 70/100 |
| Ease of Business | moderate |
| Internet Freedom | free |
| Banking Access | moderate |

## Enforcement

Danish FSA enforcement applies.

## CBDC Status: none

## FAQ

### Is cryptocurrency legal in Greenland?

Greenland follows EU regulations including the Markets in Crypto-Assets Regulation (MiCA) and maintains a legal framework for cryptocurrency activities. The financial supervisory authority ensures compliance with laws to protect consumers and maintain financial stability.

### What is the FATF status of Greenland?

Greenland is classified by FATF as: fsrb_only.

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

KYC is mandatory for crypto businesses.

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-06-01.*

**Sources:**
- [Danish Financial Supervisory Authority](https://www.finanstilsynet.dk)