🇲🇸 Montserrat

Montserrat does not have specific cryptocurrency regulations or frameworks. The Financial Services Commission oversees financial institutions and AML compliance but does not explicitly regulate crypto activities.

Overview

Statusunknown
Risk Score45/100 (Moderate Risk)
Regioncaribbean
CurrencyXCD

Tax Information

Capital Gains (Personal)No capital gains tax
Capital Gains (Corporate)No capital gains tax
VAT on CryptoNo
Staking TaxNo specific guidance
Airdrop TaxNo specific guidance

No crypto-specific tax guidance.

Licensing & Registration

RequiredNo
RegulatorFSC Montserrat (primary); ECCB (monetary/banking oversight)
FrameworkNo specific crypto framework
Easeeasy

ECCB launched DCash pilot.

Enforcement Activity

Level: None

No known enforcement.

AML / KYC

KYC RequiredYes
Travel RuleYes
FATF MemberYes
FATF Statuscompliant
FATF BodyCFATF
Suspicious-Activity ReportingYes

DeFi, Stablecoins & NFTs

Status: Unclear

No regulation.

Stablecoins

Status: no_rules

No stablecoin-specific rules. The ECCB's DCash (digital EC dollar CBDC) pilot ended January 2024; DCash 2.0 development was formally suspended February 13, 2026 in favor of a Fast Payment System and CARICOM CAPS pilot. No private stablecoin regulation.

NFTs

Status: no_rules

No regulation.

Mining

LegalYes
Electricity Cost$0.3/kWh
Renewable Energy10%
Infrastructurefair

High electricity costs and limited renewable energy; infrastructure suitable but not optimal for large-scale mining.

Geopolitical Risk

Stabilitystable
SanctionsNo
Corruption Index55/100
Banking Accessmoderate
Sanctions Program ActiveNo

Risk Factors

Montserrat is a small British Overseas Territory with stable governance but limited economic diversification and exposure to hurricane risks.

Sources

Frequently Asked Questions

Is cryptocurrency legal in Montserrat?

Montserrat does not have specific cryptocurrency regulations or frameworks. The Financial Services Commission oversees financial institutions and AML compliance but does not explicitly regulate crypto activities.

What is the FATF status of Montserrat?

Montserrat is classified by FATF as: compliant.

What is the AML/KYC regime in Montserrat?

KYC is mandatory for crypto businesses.

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Last reviewed: 2026-09-19 · Data source: Soken Crypto Legal Map

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