---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "caribbean", "fatf", "legal"]
aliases: ["VI", "VIR"]
created: 2026-04-13
updated: 2025-01-01
compile_into: ["[[country--us-virgin-islands]]"]
sources:
  - name: "US SEC"
    url: "https://www.sec.gov"
    type: "official"
---

# 🇻🇮 [[country--us-virgin-islands|US Virgin Islands]] (VI) — Crypto Regulation

> The US Virgin Islands follows US federal securities laws and banking regulations, providing a clear legal framework for cryptocurrency activities under US jurisdiction.

## Overview

| Field | Value |
|-------|-------|
| Status | Legal |
| Risk Score | 40/100 (Moderate Risk) |
| Enforcement Level | High |
| Region | [[domain--caribbean|caribbean]] |
| Currency | [[entity--usd|USD]] |

## Tax

| Type | Rate |
|------|------|
| VAT on Crypto | No |

Crypto taxation follows US federal tax rules; no specific VAT on crypto transactions.

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [[entity--usvi-dbi|USVI DBI]] / SEC / FinCEN |
| Framework | US Federal Securities Law and USVI Banking Regulations |
| Ease | medium |
| Cost | $50,000 - $300,000 |
| Timeline | 6-18 months |

Licensing is governed by US federal securities laws and local banking regulations, requiring compliance with SEC and USVI authorities.

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | Yes |
| Travel Rule | Yes |
| [[concept--fatf|FATF]] Member | No |
| FATF Status | fsrb_only |

## DeFi

**Status:** regulated

DeFi activities are regulated under US securities laws and subject to SEC oversight.

## Stablecoins

**Status:** regulated

Stablecoins are regulated under US federal securities and banking laws, requiring compliance with SEC and other regulators.

## NFTs

**Status:** Unclear

US approach applies.

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.28/kWh |
| Renewable Energy | 10% |
| Climate | tropical |
| Infrastructure | good |

Mining is legal but electricity costs are relatively high compared to mainland US. Infrastructure is adequate for mining operations.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | stable |
| Sanctions | No |
| Corruption Index | 67/100 |
| Ease of Business | easy |
| Internet Freedom | free |
| Banking Access | open |

## Enforcement

US federal enforcement applies.

## CBDC Status: exploring

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-04-13.*

**Sources:**
- [US SEC](https://www.sec.gov)