Solomon Islands

No explicit cryptocurrency regulations or legislation are present in the Solomon Islands as per the latest Central Bank information. The regulatory stance on crypto remains unclear with no specific frameworks or tax guidance.

Overview

Statusunknown
Risk Score45/100 (Moderate Risk)
Regionasia pacific
CurrencySBD

Tax Information

Capital Gains (Personal)0% - no CGT
Capital Gains (Corporate)30% CIT
VAT on CryptoNo
Staking TaxUnclear
Airdrop TaxUnclear

No crypto-specific tax guidance available.

Licensing & Registration

RequiredNo
RegulatorCBSI
FrameworkNo crypto legislation
Easevery_complex

Enforcement Activity

Level: Moderate

No detailed enforcement information available

CBDC

StatusResearch
NameBokolo Cash
Issuing AuthorityCentral Bank of Solomon Islands
Modelretail
TechnologySoramitsu (DLT)

AML / KYC

KYC RequiredNo
Travel RuleNo
FATF MemberNo
FATF Statusnon_compliant
FATF BodyAPG
Suspicious-Activity ReportingNo

DeFi, Stablecoins & NFTs

Status: unregulated

Stablecoins

Status: unregulated

NFTs

Status: unregulated

Mining

LegalYes
Electricity Cost$0.3/kWh
Renewable Energy15%
Infrastructurefair

High electricity costs and limited renewable energy penetration may constrain mining profitability. Infrastructure is developing but remains limited compared to major mining hubs.

Geopolitical Risk

Stabilitymoderate
SanctionsNo
Corruption Index29/100
Banking Accessrestricted
Sanctions Program ActiveNo

Risk Factors

Solomon Islands has moderate political stability but faces challenges including limited infrastructure and economic vulnerabilities. It is not subject to major international sanctions. Banking access for crypto firms is restricted.

Sources

Frequently Asked Questions

Is cryptocurrency legal in Solomon Islands?

No explicit cryptocurrency regulations or legislation are present in the Solomon Islands as per the latest Central Bank information. The regulatory stance on crypto remains unclear with no specific frameworks or tax guidance.

What is the FATF status of Solomon Islands?

Solomon Islands is classified by FATF as: non_compliant.

What is the AML/KYC regime in Solomon Islands?

KYC is not universally mandated.

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Last reviewed: 2026-09-22 · Data source: Soken Crypto Legal Map

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