---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "africa_east", "esaamlg", "crypto_friendly"]
aliases: ["SC", "SYC"]
created: 2026-04-13
updated: 2025-06-01
compile_into: ["[[country--seychelles]]"]
sources:
  - name: "Financial Services Authority Seychelles"
    url: "https://fsaseychelles.sc"
    type: "official"
---

# 🇸🇨 [[country--seychelles|Seychelles]] (SC) — Crypto Regulation

> Seychelles has a robust regulatory framework for crypto, governed by the Virtual Asset Service Providers Act, 2024, with active enforcement against unauthorized crypto activities and scams.

## Overview

| Field | Value |
|-------|-------|
| Status | crypto_friendly |
| Risk Score | 35/100 (Moderate Risk) |
| Enforcement Level | Low |
| Region | [[domain--africa|africa east]] |
| Currency | [[entity--scr|SCR]] |

## Tax

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

The regulator page does not specify detailed tax rules for cryptocurrency activities.

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [[entity--fsa-seychelles|FSA Seychelles]] |
| Framework | Virtual Asset Service Providers Act, 2024 |
| Ease | medium |
| Cost | $5,000 - $50,000 |
| Timeline | 2-6 months |

Licensing is mandatory under the Virtual Asset Service Providers Act, 2024, with active monitoring and enforcement by the Financial Services Authority.

## AML / KYC

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

## DeFi

**Status:** unregulated

No explicit regulatory stance on DeFi is mentioned on the page.

## Stablecoins

**Status:** unknown

No specific stablecoin framework.

## NFTs

**Status:** no_rules

No NFT-specific regulation.

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.22/kWh |
| Renewable Energy | 35% |
| Climate | tropical |
| Infrastructure | fair |

Mining is legal with moderate electricity costs and 35% renewable energy; infrastructure is fair.

## Geopolitics

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

## Enforcement

FSA has strengthened AML enforcement under FATF pressure.

## CBDC Status: none

---

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

**Sources:**
- [Financial Services Authority Seychelles](https://fsaseychelles.sc)