---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "caribbean", "cfatf", "unknown"]
aliases: ["MS", "MSR"]
created: 2026-06-01
updated: 2025-01-01
compile_into: ["[[country--montserrat]]"]
sources:
  - name: "ECCB"
    url: "https://www.eccb-centralbank.org"
    type: "official"
---

# 🇲🇸 [[country--montserrat|Montserrat]] (MS) — Crypto Regulation

> Montserrat has no dedicated cryptocurrency or virtual asset regulatory framework as of 2026-06-01. The FSC Montserrat licenses domestic/international banks, trust companies, insurance, mutual funds, corporate services, and money transmitter services — no mention of virtual assets. Crypto activity is neither explicitly permitted nor banned.

## Overview

| Field | Value |
|-------|-------|
| Status | unknown |
| Risk Score | 45/100 (Moderate Risk) |
| Enforcement Level | None |
| Region | [[domain--caribbean|caribbean]] |
| Currency | [[entity--xcd|XCD]] |

## Tax

| Type | Rate |
|------|------|
| Capital Gains (Personal) | No capital gains tax |
| Capital Gains (Corporate) | No capital gains tax |
| VAT on Crypto | No |
| Mining Tax | No specific guidance |
| Staking Tax | No specific guidance |
| Airdrop Tax | No specific guidance |

No crypto-specific tax guidance.

## Licensing

| Field | Value |
|-------|-------|
| Required | No |
| Regulator | FSC Montserrat (primary); ECCB (monetary/banking oversight) |
| Framework | No specific crypto framework |
| Ease | easy |
| Cost | N/A |
| Timeline | N/A months |

ECCB launched DCash pilot.

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | Yes |
| Travel Rule | No |
| FATF Member | No |
| FATF Status | partially_compliant |

## DeFi

**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

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.3/kWh |
| Renewable Energy | 10% |
| Climate | tropical |
| Infrastructure | poor |

Electricity costs are high compared to global averages; limited renewable energy and poor infrastructure make mining less competitive.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | stable |
| Sanctions | No |
| Corruption Index | 45/100 |
| Ease of Business | moderate |
| Internet Freedom | partly_free |
| Banking Access | moderate |

## Enforcement

No known enforcement.

## CBDC Status: discontinued

## FAQ

### Is cryptocurrency legal in Montserrat?

Montserrat has no dedicated cryptocurrency or virtual asset regulatory framework as of 2026-06-01. The FSC Montserrat licenses domestic/international banks, trust companies, insurance, mutual funds, corporate services, and money transmitter services — no mention of virtual assets. Crypto activity is neither explicitly permitted nor banned.

### What is the FATF status of Montserrat?

Montserrat is classified by FATF as: partially_compliant.

### What is the AML/KYC regime in Montserrat?

KYC is mandatory for crypto businesses.

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-06-01.*

**Sources:**
- [ECCB](https://www.eccb-centralbank.org)