---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "caribbean", "fatf", "legal"]
aliases: ["JM", "JAM"]
created: 2026-05-06
updated: 2025-06-01
compile_into: ["[[country--jamaica]]"]
sources:
  - name: "FSC Jamaica"
    url: "https://www.fscjamaica.org"
    type: "official"
---

# 🇯🇲 [[country--jamaica|Jamaica]] (JM) — Crypto Regulation

> Jamaica regulates crypto under the Financial Services Commission (FSC) framework, which oversees securities, insurance, and pensions. The FSC acts as an integrated financial services regulator with licensing and complaint oversight.

## Overview

| Field | Value |
|-------|-------|
| Status | Legal |
| Risk Score | 40/100 (Moderate Risk) |
| Enforcement Level | Low |
| Region | [[domain--caribbean|caribbean]] |
| Currency | [[entity--jmd|JMD]] |

## Tax

| Type | Rate |
|------|------|
| VAT on Crypto | No |

The regulator page does not specify crypto tax details.

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [[entity--fsc-jamaica|FSC Jamaica]] / BOJ |
| Framework | Financial Services Commission (FSC) regulatory framework |
| Ease | unknown |
| Cost | N/A |
| Timeline | N/A months |

FSC licenses financial brokers, advisers, and firms; specific crypto licensing details not provided.

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | Yes |
| Travel Rule | Yes |
| [[concept--fatf|FATF]] Member | Yes |
| FATF Status | compliant |

## DeFi

**Status:** Unclear

No explicit information on DeFi regulation found on the regulator page.

## Stablecoins

**Status:** unknown

No information on stablecoin regulations provided.

## NFTs

**Status:** no_rules

No regulation.

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.28/kWh |
| Renewable Energy | 12% |
| Climate | tropical |
| Infrastructure | fair |

Mining is legal with relatively high electricity costs and limited renewable energy share.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | moderate |
| Sanctions | No |
| Corruption Index | 43/100 |
| Ease of Business | moderate |
| Internet Freedom | partly_free |
| Banking Access | moderate |
| Sanctions Programs Active | No |

## Enforcement

Limited enforcement. Consumer warnings issued.

## CBDC

| Field | Value |
|-------|-------|
| Status | launched |
| Name | JAM-DEX |
| Authority | Bank of Jamaica |
| Type | retail |
| Launched | 2022-07-01 |

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-05-06.*

**Sources:**
- [FSC Jamaica](https://www.fscjamaica.org)