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Micronesia vs Saint Vincent and the Grenadines

Crypto regulation comparison

← Back to map | Micronesia | Saint Vincent and the Grenadines
Micronesia

Micronesia

Saint Vincent and the Grenadines

Saint Vincent and the Grenadines

No Regulation
Legal

Micronesia has no specific cryptocurrency regulation. Uses the US dollar as its official currency.

Saint Vincent and the Grenadines has been a popular jurisdiction for offshore crypto businesses. No income or capital gains tax.

Tax Type None
Tax Type No tax
Tax Rate N/A
Tax Rate 0%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Department of Finance and Administration
Regulator Eastern Caribbean Central Bank (ECCB), Financial Services Authority
Stablecoin Rules No stablecoin regulation
Stablecoin Rules No specific stablecoin regulation
Key Points
  • No specific cryptocurrency legislation
  • Uses the US dollar as official currency
  • Very limited financial infrastructure
  • Minimal crypto adoption
  • No licensing framework for crypto services
Key Points
  • Popular jurisdiction for crypto business registration
  • No income or capital gains tax
  • Financial Services Authority provides oversight
  • ECCB provides regional monetary oversight
  • Several crypto exchanges have been registered here
Sources
Sources