---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "caribbean", "fatf", "legal"]
aliases: ["PM", "SPM", "Saint-Pierre-et-Miquelon"]
created: 2026-04-13
updated: 2025-06-01
compile_into: ["[[country--saint-pierre-and-miquelon]]"]
sources:
  - name: "AMF"
    url: "https://www.amf-france.org"
    type: "official"
---

# 🇵🇲 [[country--saint-pierre-and-miquelon|Saint Pierre and Miquelon]] (PM) — Crypto Regulation

> Saint Pierre and Miquelon follows French crypto regulations under the AMF and [[concept--mica|MiCA]] framework, providing a clear legal environment for crypto activities.

## Overview

| Field | Value |
|-------|-------|
| Status | Legal |
| Risk Score | 28/100 (Moderate Risk) |
| Enforcement Level | Moderate |
| Region | [[domain--caribbean|caribbean]] |
| Currency | [[entity--eur|EUR]] |

## Tax

| Type | Rate |
|------|------|
| VAT on Crypto | No |

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

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [[entity--amf|AMF]] / ACPR |
| Framework | Markets in Crypto-Assets Regulation (MiCA) and French PACTE Law |
| Ease | medium |
| Cost | $50,000 - $300,000 |
| Timeline | 6-18 months |

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

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | Yes |
| Travel Rule | Yes |
| [[concept--fatf|FATF]] Member | No |
| FATF Status | fsrb_only |

## DeFi

**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

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.28/kWh |
| Renewable Energy | 10% |
| Climate | temperate |
| Infrastructure | good |

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

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | stable |
| Sanctions | No |
| Corruption Index | 70/100 |
| Ease of Business | easy |
| Internet Freedom | free |
| Banking Access | open |

## Enforcement

AMF enforcement applies.

## CBDC Status: exploring

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-04-13.*

**Sources:**
- [AMF](https://www.amf-france.org)