Guernsey is a crypto-friendly jurisdiction with a regulatory framework under the Lending, Credit and Finance (Bailiwick of Guernsey) Law 2022. The GFSC actively supports digital finance innovation and enforces AML/CFT measures aligned with international standards.
| Status | crypto_friendly |
| Risk Score | 15/100 (Low Risk) |
| Region | europe |
| Currency | GBP |
| Adoption Rank | #21 |
| VAT on Crypto | No |
| Required | Yes |
| Regulator | GFSC |
| Framework | Lending, Credit and Finance (Bailiwick of Guernsey) Law 2022 |
| Ease | medium |
| Cost (USD) | Application: £5,000 (non-exchange VASP) to £50,000 (exchange/stablecoin issuer); Annual: £7,500 to £65,000. As of 1 Jan 2026. USD equivalent approx. $6,300–$63,000 application / $9,500–$82,000 annual (at ~1.27 GBP/USD). |
Licensing is required for digital finance activities including crypto lending and credit services under the LCF Law 2022. The GFSC manages authorisations and innovation sandbox participation.
GFSC has enforced AML compliance and taken action against unregistered service providers.
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | Yes |
| FATF Status | compliant |
| FATF Body | MONEYVAL |
| Suspicious-Activity Reporting | Yes |
Status: regulated
DeFi activities fall under the digital finance regulatory framework and require licensing and compliance with AML rules.
Status: regulated
Stablecoins are regulated under the digital finance initiatives and must comply with licensing and AML requirements.
Status: no_rules
No NFT-specific regulation. NFTs assessed on characteristics under existing law.
| Legal | Yes |
| Electricity Cost | $0.18/kWh |
| Renewable Energy | 30% |
| Infrastructure | good |
Mining is legal with moderate electricity costs and 30% renewable energy usage. Infrastructure supports data centers adequately.
| Stability | stable |
| Sanctions | No |
| Corruption Index | 75/100 |
| Banking Access | open |
| Sanctions Program Active | No |
Risk Factors
Guernsey is politically stable with no international sanctions. It has a strong regulatory environment, good internet freedom, and open banking access for crypto businesses.
Guernsey is a crypto-friendly jurisdiction with a regulatory framework under the Lending, Credit and Finance (Bailiwick of Guernsey) Law 2022. The GFSC actively supports digital finance innovation and enforces AML/CFT measures aligned with international standards.
Guernsey is classified by FATF as: compliant.
Yes, licensing is required for VASPs.
KYC is mandatory for crypto businesses.
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Explore IT Services →Last reviewed: 2026-09-04 · Data source: Soken Crypto Legal Map
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