Saint Pierre and Miquelon follows French crypto regulations under the AMF, including the Markets in Crypto-Assets Regulation (MiCA) and the French PACTE Law. The AMF actively regulates digital asset service providers and protects investors from scams.
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Region | caribbean |
| Currency | EUR |
| VAT on Crypto | Yes |
Crypto transactions are subject to VAT as per French tax rules; specific capital gains and staking tax details are not explicitly stated.
| Required | Yes |
| Regulator | AMF / ACPR |
| Framework | Markets in Crypto-Assets Regulation (MiCA) and French PACTE Law |
| Ease | medium |
| Cost (USD) | $50,000 - $300,000 |
Licensing is required for crypto service providers under French law, enforced by the AMF.
AMF enforcement applies.
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | Yes |
| FATF Status | compliant |
| FATF Body | FATF |
| Suspicious-Activity Reporting | Yes |
Status: regulated
DeFi activities fall under the scope of existing crypto regulations and must comply with AML/KYC and licensing requirements.
Status: regulated
Stablecoins are regulated under MiCA and French financial regulations, requiring compliance with licensing and AML rules.
Status: Unclear
MiCA NFT provisions apply.
| Legal | Yes |
| Electricity Cost | $0.28/kWh |
| Renewable Energy | 10% |
| Infrastructure | good |
Mining is legal but electricity costs are relatively high compared to global averages, which may limit large-scale operations.
| Stability | stable |
| Sanctions | No |
| Corruption Index | 70/100 |
| Banking Access | open |
| Sanctions Program Active | No |
Risk Factors
As a French overseas collectivity, Saint Pierre and Miquelon benefits from political stability, strong regulatory frameworks, and open banking access. The main risks relate to its small size and higher operational costs.
Saint Pierre and Miquelon follows French crypto regulations under the AMF, including the Markets in Crypto-Assets Regulation (MiCA) and the French PACTE Law. The AMF actively regulates digital asset service providers and protects investors from scams.
Saint Pierre and Miquelon is classified by FATF as: compliant.
Yes, licensing is required for VASPs.
KYC is mandatory for crypto businesses.
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Explore IT Services →Last reviewed: 2026-09-21 · Data source: Soken Crypto Legal Map
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