---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "europe", "moneyval", "crypto_friendly"]
aliases: ["GG", "GGY"]
created: 2026-04-13
updated: 2026-01-10
compile_into: ["[[country--guernsey]]"]
sources:
  - name: "GFSC"
    url: "https://www.gfsc.gg"
    type: "official"
---

# 🇬🇬 [[country--guernsey|Guernsey]] (GG) — Crypto Regulation

> Guernsey is positioned as a trusted, agile, and forward-thinking jurisdiction for digital financial innovation with a strong commitment to preventing financial crime. The GFSC regulates the finance sector including digital finance initiatives.

## Overview

| Field | Value |
|-------|-------|
| Status | crypto_friendly |
| Risk Score | 15/100 (Low Risk) |
| Enforcement Level | Moderate |
| Region | [[domain--europe|europe]] |
| Currency | [[entity--gbp|GBP]] |
| Adoption Rank | #21 |

## Tax

| Type | Rate |
|------|------|
| Capital Gains (Personal) | 0% (no capital gains tax in Guernsey) |
| Capital Gains (Corporate) | 0% standard rate (10% for regulated finance, 20% for specific sectors) |
| VAT on Crypto | No |

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [[entity--gfsc|GFSC]] |
| Framework | The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law 2020 |
| Ease | medium |
| Cost | $20,000 - $120,000 |
| Timeline | 3-8 months |

Licensing is overseen by the GFSC with a focus on fiduciary and digital finance businesses.

## AML / KYC

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

## DeFi

**Status:** regulated

DeFi activities are regulated under the digital finance framework to ensure compliance with AML and financial crime prevention.

## Stablecoins

**Status:** regulated

Stablecoins are regulated under the digital finance initiative with requirements for transparency and AML compliance.

## NFTs

**Status:** no_rules

No NFT-specific regulation. NFTs assessed on characteristics under existing law.

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.18/kWh |
| Renewable Energy | 30% |
| Climate | temperate |
| Infrastructure | good |

Mining is legal with moderate electricity costs and a good infrastructure environment. Renewable energy accounts for 30% of electricity.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | stable |
| Sanctions | No |
| Corruption Index | 75/100 |
| Ease of Business | easy |
| Internet Freedom | free |
| Banking Access | open |

## Enforcement

GFSC has enforced AML compliance and taken action against unregistered service providers.

## CBDC Status: none

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-04-13.*

**Sources:**
- [GFSC](https://www.gfsc.gg)