Cryptocurrency is unregulated in Solomon Islands. The CBSI explicitly states that cryptocurrencies are not issued or regulated by the central bank and are not legal tender. No licensing framework exists. The CBSI launched a CBDC proof-of-concept (Bokolo Cash) in November 2023, still in pilot phase as of 2025. No new crypto legislation enacted through 2025.
| Status | unknown |
| Risk Score | 45/100 (Moderate Risk) |
| Region | asia pacific |
| Currency | SBD |
| Capital Gains (Personal) | 0% - no CGT |
| Capital Gains (Corporate) | 30% CIT |
| VAT on Crypto | No |
| Staking Tax | Unclear |
| Airdrop Tax | Unclear |
No crypto-specific tax guidance available.
| Required | No |
| Regulator | CBSI |
| Framework | No crypto legislation |
| Ease | very_complex |
No detailed enforcement information available
| KYC Required | No |
| Travel Rule | No |
| FATF Member | No |
| FATF Status | non_compliant |
| FATF Body | APG |
| Suspicious-Activity Reporting | No |
Status: unregulated
Status: unregulated
Status: unregulated
| Legal | Yes |
| Electricity Cost | $0.3/kWh |
| Renewable Energy | 15% |
| Infrastructure | poor |
Electricity costs are high compared to global averages, and renewable energy share is low. Infrastructure for data centers and mining is underdeveloped. No explicit mining regulations found.
| Stability | moderate |
| Sanctions | No |
| Corruption Index | 35/100 |
| Banking Access | restricted |
Risk Factors
Solomon Islands has moderate political stability but faces challenges due to limited infrastructure and economic vulnerabilities. It is not under international sanctions. Banking access for crypto businesses is restricted.
Cryptocurrency is unregulated in Solomon Islands. The CBSI explicitly states that cryptocurrencies are not issued or regulated by the central bank and are not legal tender. No licensing framework exists. The CBSI launched a CBDC proof-of-concept (Bokolo Cash) in November 2023, still in pilot phase as of 2025. No new crypto legislation enacted through 2025.
Solomon Islands is classified by FATF as: non_compliant.
KYC is not universally mandated.
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Explore IT Services →Last reviewed: 2026-06-01 · Data source: Soken Crypto Legal Map
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