🇹🇹 Trinidad and Tobago

Trinidad and Tobago regulates virtual assets under the Virtual Assets and Virtual Asset Service Providers Act 2025, imposing restrictions on crypto activities. The TTSEC operates a regulatory sandbox to oversee virtual asset service providers, reflecting a cautious regulatory approach.

Overview

StatusRestricted
Risk Score55/100 (High Risk)
Regioncaribbean
CurrencyTTD

Tax Information

VAT on CryptoNo

Licensing & Registration

RequiredYes
RegulatorTTSEC (primary); CBTT retains fintech/payments oversight
FrameworkVirtual Assets and Virtual Asset Service Providers Act 2025
Easemedium

Licensing is required under the 2025 Act with a regulatory sandbox available for innovation and testing.

Enforcement Activity

Level: Low

Consumer warnings issued.

CBDC

StatusResearch
NameTrinidad and Tobago CBDC
Issuing AuthorityCentral Bank of Trinidad and Tobago
Modelretail

AML / KYC

KYC RequiredYes
Travel RuleYes
FATF MemberYes
FATF Statuscompliant
FATF BodyCFATF
Suspicious-Activity ReportingYes

DeFi, Stablecoins & NFTs

Status: Restricted

DeFi activities are subject to regulatory restrictions under the 2025 Act, with oversight by the TTSEC.

Stablecoins

Status: Restricted

Stablecoins are regulated under the Virtual Assets Act with restrictions to ensure consumer protection and financial stability.

NFTs

Status: no_rules

No regulation.

Mining

LegalYes
Electricity Cost$0.04/kWh
Renewable Energy2%
Infrastructurefair

Mining is legal but limited by high energy costs and low renewable energy penetration. Infrastructure is moderate with some data center presence.

Geopolitical Risk

Stabilitystable
SanctionsNo
Corruption Index44/100
Banking Accessmoderate
Sanctions Program ActiveNo

Risk Factors

Trinidad and Tobago is politically stable with moderate corruption and reasonable ease of doing business. No international sanctions apply. Banking access for crypto firms is moderate, with some regulatory uncertainty posing risks.

Sources

Frequently Asked Questions

Is cryptocurrency legal in Trinidad and Tobago?

Trinidad and Tobago regulates virtual assets under the Virtual Assets and Virtual Asset Service Providers Act 2025, imposing restrictions on crypto activities. The TTSEC operates a regulatory sandbox to oversee virtual asset service providers, reflecting a cautious regulatory approach.

What is the FATF status of Trinidad and Tobago?

Trinidad and Tobago is classified by FATF as: compliant.

Are VASPs licensed in Trinidad and Tobago?

Yes, licensing is required for VASPs.

What is the AML/KYC regime in Trinidad and Tobago?

KYC is mandatory for crypto businesses.

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Last reviewed: 2026-09-24 · Data source: Soken Crypto Legal Map

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