Micronesia currently has no specific cryptocurrency legislation but uses the US dollar as its currency. The regulatory focus is on banking system soundness and stability, with no explicit crypto regulations mentioned.
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Region | asia pacific |
| Currency | USD |
| Capital Gains (Personal) | 0% - no income tax on individuals |
| Capital Gains (Corporate) | 21% gross revenue tax |
| VAT on Crypto | No |
| Staking Tax | N/A |
| Airdrop Tax | N/A |
No crypto-specific tax guidance available.
| Required | Yes |
| Regulator | FSM Banking Board |
| Framework | Bank Act of 1980 (as amended) under 29FSMC |
| Ease | unknown |
Licensing applies to banking institutions; no mention of crypto-specific licenses.
No detailed enforcement information available
| KYC Required | Yes |
| Travel Rule | No |
| FATF Member | No |
| FATF Status | unknown |
| FATF Body | APG |
| Suspicious-Activity Reporting | Yes |
Status: unregulated
Status: unregulated
Status: unregulated
| Legal | Yes |
| Electricity Cost | $0.3/kWh |
| Renewable Energy | 15% |
| Infrastructure | poor |
High electricity costs and limited renewable energy; infrastructure for mining is poor.
| Stability | stable |
| Sanctions | No |
| Corruption Index | 45/100 |
| Banking Access | moderate |
| Sanctions Program Active | No |
Risk Factors
Micronesia is politically stable with moderate corruption and moderate ease of doing business. No international sanctions apply. Geographic isolation and limited infrastructure pose challenges for crypto business.
Micronesia currently has no specific cryptocurrency legislation but uses the US dollar as its currency. The regulatory focus is on banking system soundness and stability, with no explicit crypto regulations mentioned.
Micronesia is classified by FATF as: unknown.
Yes, licensing is required for VASPs.
KYC is mandatory for crypto businesses.
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Explore IT Services →Last reviewed: 2026-09-13 · Data source: Soken Crypto Legal Map
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