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Crypto Regulation in Grenada

Legal

Grenada has not banned crypto. ECCB oversees monetary policy for OECS members.

Region: CaribbeanCurrency: XCDRisk Score: 45/100

Tax Information

Capital Gains (Personal)
No income tax
Capital Gains (Corporate)
28% corporate tax
VAT on Crypto
No
Staking Tax
No specific guidance
Airdrop Tax
No specific guidance
Mining Tax
No specific guidance
Summary
No personal income tax.

Licensing & Registration

License Required
No
Regulator
ECCB (Eastern Caribbean Central Bank)
Framework
No specific crypto framework
License Types
--
Estimated Cost (USD)
N/A
Timeline
N/A months
Ease of Licensing
Easy
Notes
ECCB launched DCash pilot.

AML / KYC

KYC Required
Yes
Travel Rule
No
FATF Member
No
FATF Status
Partially Compliant
Suspicious Activity Reporting
Yes

Mining

Mining Legal
Yes
Status
Legal
Electricity Cost ($/kWh)
$0.3
Renewable Energy
10%
Climate
Tropical
Infrastructure
Moderate
Tax on Mining Income
28% corporate tax
Notes
High electricity costs significantly reduce mining profitability.

DeFi, Stablecoins & NFTs

DeFi: unclearStablecoins: no rulesNFTs: no_rulesCBDC: pilot

Soken Services

Legal Opinion
Available | $3,000 - $12,000 | 10 days
Banking
Difficulty: Hard | Crypto-friendly banks: none listed
Min. Deposit
$10,000
Fiat Rails
SWIFT
Card Payments
Visa, Mastercard
Company Registration
$8,000 | 30 days | International Business Company (IBC)

Sources

ECCB
Reviewed: 2026-03-01ai_baseline

Frequently Asked Questions

Is crypto legal in Grenada?
Cryptocurrency is currently classified as "Legal" in Grenada. Grenada has not banned crypto. ECCB oversees monetary policy for OECS members.
What is the crypto tax rate in Grenada?
In Grenada, the personal capital gains tax on crypto is No income tax, and the corporate tax rate is 28% corporate tax. No personal income tax.
Do I need a crypto license in Grenada?
No, Grenada does not currently require a specific crypto license, though other financial regulations may apply.
Is crypto mining legal in Grenada?
Yes, crypto mining is legal in Grenada. Electricity costs approximately $0.3/kWh. Mining income is taxed at: 28% corporate tax. High electricity costs significantly reduce mining profitability.
What are the AML/KYC requirements for crypto in Grenada?
Yes, crypto businesses in Grenada must comply with KYC (Know Your Customer) requirements. FATF compliance status: partially_compliant.