The US Virgin Islands follows US federal securities laws and banking regulations, providing a clear legal framework for cryptocurrency activities under US jurisdiction.
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Region | caribbean |
| Currency | USD |
| VAT on Crypto | No |
Crypto taxation follows US federal tax rules; no specific VAT on 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) + Bulletin 2022-01 (Licensure and Regulation of Cryptocurrency Services) + US Federal Bank Secrecy Act / FinCEN MSB rules |
| Ease | medium |
| Cost (USD) | $50,000 - $300,000 |
Licensing is governed by US federal securities laws and local banking regulations, requiring compliance with SEC and USVI authorities.
US federal enforcement applies.
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | Yes |
| FATF Status | compliant |
| FATF Body | FATF |
| Suspicious-Activity Reporting | Yes |
Status: regulated
DeFi activities are regulated under US securities laws and subject to SEC oversight.
Status: regulated
Stablecoins in USVI are regulated under the GENIUS Act (signed July 18, 2025), the first US federal stablecoin law. USVI is classified as a US territory under the Act; stablecoin issuers domiciled in USVI are treated as 'foreign payment stablecoin issuers' unless they obtain a federal permitted payment stablecoin issuer authorization. OCC, FDIC, and FinCEN are finalizing implementing rules as of 2026.
Status: Unclear
US approach applies.
| Legal | Yes |
| Electricity Cost | $0.28/kWh |
| Renewable Energy | 10% |
| Infrastructure | good |
Mining is legal but electricity costs are relatively high compared to mainland US. Infrastructure is adequate for mining operations.
| Stability | stable |
| Sanctions | No |
| Corruption Index | 67/100 |
| Banking Access | open |
Risk Factors
The US Virgin Islands benefits from US political stability and regulatory environment. Risks include natural disasters such as hurricanes.
The US Virgin Islands follows US federal securities laws and banking regulations, providing a clear legal framework for cryptocurrency activities under US jurisdiction.
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: 2026-06-01 · Data source: Soken Crypto Legal Map
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