Cryptocurrency is legal in Grenada with no specific regulatory framework dedicated to crypto. The country does not have explicit licensing or tax regulations for crypto activities as per the available information.
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Region | caribbean |
| Currency | XCD |
| Capital Gains (Personal) | No capital gains tax |
| Capital Gains (Corporate) | 28% corporate tax |
| VAT on Crypto | No |
| Staking Tax | No specific guidance |
| Airdrop Tax | No specific guidance |
No personal income tax.
| Required | Yes |
| Regulator | GARFIN |
| Framework | Virtual Asset Business Act, 2021 (Act No. 7 of 2021) + Virtual Asset Business Regulations 2024 (S.R.O. 9 of 2024) |
| Ease | easy |
ECCB launched DCash pilot.
No known enforcement.
| KYC Required | Yes |
| Travel Rule | No |
| FATF Member | No |
| FATF Status | partially_compliant |
| FATF Body | CFATF |
| Suspicious-Activity Reporting | Yes |
Status: Unclear
No regulation.
Status: no_rules
ECCB DCash pilot.
Status: no_rules
No regulation.
| Legal | Yes |
| Electricity Cost | $0.3/kWh |
| Renewable Energy | 10% |
| Infrastructure | fair |
Mining is legal but electricity costs are high compared to global averages, limiting large-scale operations.
| Stability | moderate |
| Sanctions | No |
| Corruption Index | 38/100 |
| Banking Access | moderate |
Risk Factors
Grenada has moderate political stability with no international sanctions. The small island economy faces risks from natural disasters and limited infrastructure, impacting crypto business growth.
Cryptocurrency is legal in Grenada with no specific regulatory framework dedicated to crypto. The country does not have explicit licensing or tax regulations for crypto activities as per the available information.
Grenada is classified by FATF as: partially_compliant.
Yes, licensing is required for VASPs.
KYC is mandatory for crypto businesses.
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Explore IT Services →Last reviewed: 2026-06-01 · Data source: Soken Crypto Legal Map
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