Guernsey is positioned as a trusted, agile, and forward-thinking jurisdiction for digital financial innovation with a strong commitment to preventing financial crime. The GFSC regulates the finance sector including digital finance initiatives.
| Status | crypto_friendly |
| Risk Score | 15/100 (Low Risk) |
| Region | europe |
| Currency | GBP |
| Adoption Rank | #21 |
| Capital Gains (Personal) | 0% (no capital gains tax in Guernsey) |
| Capital Gains (Corporate) | 0% standard rate (10% for regulated finance, 20% for specific sectors) |
| VAT on Crypto | No |
| Required | Yes |
| Regulator | GFSC |
| Framework | The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law 2020 |
| Ease | medium |
| Cost (USD) | $20,000 - $120,000 |
Licensing is overseen by the GFSC with a focus on fiduciary and digital finance businesses.
GFSC has enforced AML compliance and taken action against unregistered service providers.
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | No |
| FATF Status | fsrb_only |
| FATF Body | MONEYVAL |
| Suspicious-Activity Reporting | Yes |
Status: regulated
DeFi activities are regulated under the digital finance framework to ensure compliance with AML and financial crime prevention.
Status: regulated
Stablecoins are regulated under the digital finance initiative with requirements for transparency and AML compliance.
Status: no_rules
No NFT-specific regulation. NFTs assessed on characteristics under existing law.
| Legal | Yes |
| Electricity Cost | $0.18/kWh |
| Renewable Energy | 30% |
| Infrastructure | good |
Mining is legal with moderate electricity costs and a good infrastructure environment. Renewable energy accounts for 30% of electricity.
| Stability | stable |
| Sanctions | No |
| Corruption Index | 75/100 |
| Banking Access | open |
Guernsey offers a stable political environment with strong regulatory frameworks and open banking access for crypto businesses.
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Explore IT Services →Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map
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