The US Virgin Islands regulates cryptocurrency under the USVI Money Transmission Act and Bulletin 2022-01, requiring licensure and regulation of cryptocurrency services. The regulatory framework aligns with US federal standards such as the Bank Secrecy Act and FinCEN MSB rules, providing a clear legal environment for crypto activities.
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Region | caribbean |
| Currency | USD |
| VAT on Crypto | No |
The regulatory page does not specify detailed crypto tax rates or rules; VAT does not apply to crypto transactions.
| Required | Yes |
| Regulator | USVI Division of Banking, Insurance and Financial Regulation (DBIFR) / FinCEN / SEC |
| Framework | USVI Money Transmission Act (Title 9, Chapter 22, USVI Code) and Bulletin 2022-01 |
| Ease | medium |
| Cost (USD) | $50,000 - $300,000 |
Licensing is mandatory for cryptocurrency service providers under the USVI Money Transmission Act and Bulletin 2022-01, aligning with US federal MSB regulations.
US federal enforcement applies.
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | Yes |
| FATF Status | compliant |
| FATF Body | FATF |
| Suspicious-Activity Reporting | Yes |
Status: Legal
DeFi activities are permitted under the existing regulatory framework without explicit restrictions, consistent with the USVI's crypto-friendly stance.
Status: regulated
Stablecoins fall under the regulatory scope of the USVI Money Transmission Act and related federal regulations, requiring compliance with money transmission and AML rules.
Status: Unclear
US approach applies.
| Legal | Yes |
| Electricity Cost | $0.28/kWh |
| Renewable Energy | 10% |
| Infrastructure | fair |
Mining is legal but electricity costs are relatively high at $0.28/kWh, with limited renewable energy penetration. Infrastructure is fair, typical for a small island territory.
| Stability | stable |
| Sanctions | No |
| Corruption Index | 65/100 |
| Banking Access | moderate |
| Sanctions Program Active | No |
Risk Factors
The US Virgin Islands benefits from stable governance as a US territory with moderate ease of doing business and free internet. Key risks include hurricane exposure and limited local market size.
The US Virgin Islands regulates cryptocurrency under the USVI Money Transmission Act and Bulletin 2022-01, requiring licensure and regulation of cryptocurrency services. The regulatory framework aligns with US federal standards such as the Bank Secrecy Act and FinCEN MSB rules, providing a clear legal environment for crypto activities.
US Virgin Islands 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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