Kiribati has no crypto-specific law and no licensing regime for crypto or virtual asset service providers. As of 2026, the financial sector is governed by the Financial Supervisory Authority of Kiribati Act 2021 and the Kiribati Financial Institutions Act 2021, neither of which covers virtual assets, and no crypto-related Act or notice has been issued by the Kiribati Financial Supervisory Authority. Crypto is neither expressly authorised nor prohibited. Kiribati uses the Australian dollar.
| Status | unknown |
| Risk Score | 45/100 (Moderate Risk) |
| Region | asia pacific |
| Currency | AUD |
| Capital Gains (Personal) | No crypto-specific rules and no separate capital gains tax; resident individuals pay income tax on chargeable income at 0% up to AUD 5,000, 20%, 25% and 30% above AUD 30,000, and profits on disposal of business assets are business income |
| Capital Gains (Corporate) | Progressive CIT for resident companies: 20% up to AUD 25,000, 30% to AUD 50,000, 35% above; profits on disposal of business assets are taxable |
| VAT on Crypto | No |
| Staking Tax | N/A |
| Airdrop Tax | N/A |
No crypto-specific tax guidance and no separate capital gains tax. Resident individuals pay income tax at 0%, 20%, 25% and 30%; resident companies at 20%, 30% and 35%; non-residents at 30%. Gains on disposal of business assets are taxed as business income.
| Required | No |
| Regulator | Kiribati Financial Supervisory Authority (KFSA) |
| Framework | No crypto legislation; Financial Supervisory Authority Kiribati Act 2021 and Kiribati Financial Institutions Act 2021 govern financial sector (no crypto scope); uses Australian dollar |
| Ease | very_complex |
No detailed enforcement information available
| KYC Required | No |
| Travel Rule | No |
| FATF Member | No |
| FATF Status | non_compliant |
| FATF Body | APG |
| Suspicious-Activity Reporting | No |
Status: unregulated
Status: unregulated
Status: unregulated
| Legal | Yes |
| Electricity Cost | $0.3/kWh |
| Renewable Energy | 15% |
| Infrastructure | poor |
High electricity cost and low renewable energy percentage; limited infrastructure and data center quality; mining conditions challenging.
| Stability | moderate |
| Sanctions | No |
| Corruption Index | 28/100 |
| Banking Access | restricted |
| Sanctions Program Active | No |
Risk Factors
Kiribati is a small island nation with moderate political stability but faces significant infrastructure and economic challenges. No international sanctions apply. Banking access for crypto businesses is limited.
Kiribati has no crypto-specific law and no licensing regime for crypto or virtual asset service providers. As of 2026, the financial sector is governed by the Financial Supervisory Authority of Kiribati Act 2021 and the Kiribati Financial Institutions Act 2021, neither of which covers virtual assets, and no crypto-related Act or notice has been issued by the Kiribati Financial Supervisory Authority. Crypto is neither expressly authorised nor prohibited. Kiribati uses the Australian dollar.
Kiribati is classified by FATF as: non_compliant.
KYC is not universally mandated.
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Explore IT Services →Last reviewed: 2026-09-16 · Data source: Soken Crypto Legal Map
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