What is Guinea-Bissau's FATF status?

Guinea-Bissau is classified by FATF as: fsrb_only.

What is the AML/KYC regime in Guinea-Bissau?

KYC is mandatory for crypto businesses.

🇬🇼 Guinea-Bissau

Cryptocurrency activities in Guinea-Bissau are currently restricted with no specific regulatory framework or clear legal status. The country follows regional banking and AML regulations under UMOA and BCEAO but lacks explicit crypto laws.

Overview

Status	Restricted
Risk Score	70/100 (High Risk)
Region	africa west
Currency	XOF

Tax Information

Capital Gains (Personal)	No specific crypto guidance
Capital Gains (Corporate)	25%-30% corporate income tax (varies)
VAT on Crypto	No
Staking Tax	No specific guidance
Airdrop Tax	No specific guidance

No crypto-specific tax guidance. General WAEMU tax framework applies.

Licensing & Registration

Required	No
Regulator	BCEAO
Framework	No specific crypto framework

No crypto licensing framework. BCEAO warnings apply across all WAEMU member states.

Enforcement Activity

Level: Low

Minimal enforcement activity.

AML / KYC

KYC Required	Yes
Travel Rule	Yes
FATF Member	No
FATF Status	fsrb_only
FATF Body	GIABA
Suspicious-Activity Reporting	Yes

DeFi, Stablecoins & NFTs

Status: Unclear

No DeFi regulation.

Stablecoins

Status: no_rules

No stablecoin framework.

NFTs

Status: no_rules

No NFT regulation.

Mining

Legal	No
Electricity Cost	$0.2/kWh
Renewable Energy	15%
Infrastructure	poor

Mining is restricted due to high electricity costs and poor infrastructure; no specific mining regulations exist.

Geopolitical Risk

Stability	unstable
Sanctions	No
Corruption Index	20/100
Banking Access	restricted

Risk Factors

political instability
weak governance
limited infrastructure
capital controls

Guinea-Bissau faces political instability and governance challenges impacting crypto business environment. Banking access for crypto firms is limited.