St. Vincent and the Grenadines regulates crypto under the Virtual Assets Act 2022 and related legislation, with oversight by the Financial Services Authority ensuring compliance with AML/CFT and global financial standards. The jurisdiction is recognized as a reliable financial hub with active international cooperation and adherence to OECD and AML standards.
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Region | caribbean |
| Currency | XCD |
| VAT on Crypto | No |
| Required | Yes |
| Regulator | FSA SVG |
| Framework | Virtual Assets Act 2022 |
| Ease | medium |
Licensing and supervision of virtual asset businesses are conducted by the Financial Services Authority under the Virtual Assets Act 2022, effective May 2025.
FSA has warned it does not regulate crypto businesses despite their SVG incorporation.
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | Yes |
| FATF Status | compliant |
| FATF Body | FATF |
| Suspicious-Activity Reporting | Yes |
Status: Legal
DeFi activities are generally permitted under the Virtual Assets Act 2022, subject to compliance with AML and licensing requirements.
Status: regulated
Stablecoins fall under the Virtual Assets Act 2022 regulatory framework and require compliance with licensing and AML rules.
Status: no_rules
No regulation.
| Legal | Yes |
| Electricity Cost | $0.28/kWh |
| Renewable Energy | 10% |
| Infrastructure | fair |
Mining is legal but electricity costs are relatively high; infrastructure is developing with moderate internet and data center quality.
| Stability | stable |
| Sanctions | No |
| Corruption Index | 42/100 |
| Banking Access | moderate |
| Sanctions Program Active | No |
Risk Factors
St. Vincent and the Grenadines is politically stable with no international sanctions. Corruption is moderate and the business environment is average. Internet freedom is rated free, but banking access for crypto firms is moderate due to regional banking constraints.
St. Vincent and the Grenadines regulates crypto under the Virtual Assets Act 2022 and related legislation, with oversight by the Financial Services Authority ensuring compliance with AML/CFT and global financial standards. The jurisdiction is recognized as a reliable financial hub with active international cooperation and adherence to OECD and AML standards.
Saint Vincent and the Grenadines 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: 2026-09-25 · Data source: Soken Crypto Legal Map
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