The Marshall Islands maintains a crypto-friendly regulatory environment with specific legislation such as the Decentralized Autonomous Organization Act 2022 (amended 2023) and Banking Act Amendment 2020 including VASP provisions.
| Status | crypto_friendly |
| Risk Score | 15/100 (Low Risk) |
| Region | asia pacific |
| Currency | USD |
| Capital Gains (Personal) | 0% (no capital gains tax; dividends, interest and capital gains are not taxed) |
| Capital Gains (Corporate) | No corporate income tax; businesses pay a 3% gross revenue tax on turnover |
| VAT on Crypto | No |
No crypto-specific tax rules. Capital gains, dividends and interest are not taxed; wages are taxed under the wages and salaries tax and businesses pay a 3% gross revenue tax on turnover.
| Required | No |
| Regulator | Banking Commission |
| Framework | Decentralized Autonomous Organization Act 2022 (amended 2023); VASPs are financial service providers subject to AML/CFT obligations under the Banking Act 1987 and AML Regulations 2002 (Banking Commission AML/CFT Guidelines, 2023); no dedicated VASP licensing regime |
| Ease | easy |
| Cost (USD) | $5,000 - $15,000 |
No dedicated licensing regime for crypto businesses. VASPs fall under Banking Commission AML/CFT supervision; the 2024 APG mutual evaluation notes that no DAO has yet been regulated as a VASP.
No detailed enforcement information available
| KYC Required | No |
| Travel Rule | No |
| FATF Member | No |
| FATF Status | fsrb_only |
| FATF Body | APG |
| Suspicious-Activity Reporting | No |
Status: Unclear
The Marshall Islands has no DeFi-specific regulation.
Status: unknown
No information on stablecoin regulation is available from the provided text.
Status: unregulated
| Legal | Yes |
| Electricity Cost | $0.3/kWh |
| Renewable Energy | 15% |
| Infrastructure | fair |
Mining is legal but electricity costs are relatively high compared to global averages, and renewable energy share is moderate. Infrastructure is fair given island geography.
| Stability | stable |
| Sanctions | No |
| Corruption Index | 45/100 |
| Banking Access | moderate |
| Sanctions Program Active | No |
Risk Factors
Marshall Islands is politically stable with no major sanctions. Moderate corruption and ease of business. Geographic and infrastructure challenges pose risks for crypto businesses.
The Marshall Islands maintains a crypto-friendly regulatory environment with specific legislation such as the Decentralized Autonomous Organization Act 2022 (amended 2023) and Banking Act Amendment 2020 including VASP provisions.
Marshall Islands is classified by FATF as: fsrb_only.
KYC is not universally mandated.
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Explore IT Services →Last reviewed: 2026-09-18 · Data source: Soken Crypto Legal Map
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