🇵🇲 Saint Pierre and Miquelon

Saint Pierre and Miquelon follows French crypto regulations under the AMF and MiCA framework, providing a clear legal environment for crypto activities.

Overview

StatusLegal
Risk Score25/100 (Low Risk)
Regioncaribbean
CurrencyEUR

Tax Information

VAT on CryptoNo

No explicit tax details provided on the regulator page; VAT does not apply to crypto transactions.

Licensing & Registration

RequiredYes
RegulatorAMF / ACPR
FrameworkMarkets in Crypto-Assets Regulation (MiCA) and French PACTE Law
Easemedium
Cost (USD)$50,000 - $300,000

Licensing follows French regulatory standards with PSAN licenses required for crypto service providers.

Enforcement Activity

Level: Moderate

AMF enforcement applies.

AML / KYC

KYC RequiredYes
Travel RuleYes
FATF MemberNo
FATF Statuscovered_under_france
FATF BodyFATF
Suspicious-Activity ReportingYes

DeFi, Stablecoins & NFTs

Status: regulated

DeFi activities are regulated under the broader MiCA framework and French regulations.

Stablecoins

Status: regulated

Stablecoins are regulated under MiCA and French financial regulations.

NFTs

Status: Unclear

MiCA NFT provisions apply.

Mining

LegalYes
Electricity Cost$0.28/kWh
Renewable Energy10%
Infrastructuregood

Mining is legal with moderate electricity costs and limited renewable energy share. Infrastructure is good due to French oversight.

Geopolitical Risk

Stabilitystable
SanctionsNo
Corruption Index70/100
Banking Accessopen

As a French overseas territory, it benefits from stable governance, good infrastructure, and no sanctions.

Sources

Frequently Asked Questions

Is cryptocurrency legal in Saint Pierre and Miquelon?

Saint Pierre and Miquelon follows French crypto regulations under the AMF and MiCA framework, providing a clear legal environment for crypto activities.

What is the FATF status of Saint Pierre and Miquelon?

Saint Pierre and Miquelon is classified by FATF as: covered_under_france.

Are VASPs licensed in Saint Pierre and Miquelon?

Yes, licensing is required for VASPs.

What is the AML/KYC regime in Saint Pierre and Miquelon?

KYC is mandatory for crypto businesses.

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Last reviewed: 2026-06-01 · Data source: Soken Crypto Legal Map

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