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Crypto Regulation in Guyana

Unknown

Guyana has no specific crypto regulation. The Bank of Guyana has not issued formal guidance on cryptocurrencies.

Region: South AmericaCurrency: GYDRisk Score: 55/100

Tax Information

Capital Gains (Personal)
No specific guidance
Capital Gains (Corporate)
25%-40% corporate tax
VAT on Crypto
No
Staking Tax
No specific guidance
Airdrop Tax
No specific guidance
Mining Tax
No specific guidance
Summary
No crypto-specific tax guidance.

Licensing & Registration

License Required
No
Regulator
BOG (Bank of Guyana)
Framework
No crypto framework
License Types
--
Estimated Cost (USD)
N/A
Timeline
N/A months
Ease of Licensing
N/A
Notes
No crypto licensing framework.

AML / KYC

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

Mining

Mining Legal
No
Status
Unknown
Electricity Cost ($/kWh)
$0.12
Renewable Energy
40%
Climate
Tropical
Infrastructure
Moderate
Tax on Mining Income
25%-40% corporate tax
Notes
Mining legal status is unclear. Proceed with caution and seek legal advice.

DeFi, Stablecoins & NFTs

DeFi: unclearStablecoins: no rulesNFTs: no_rulesCBDC: none

Soken Services

Banking
Difficulty: Very Hard | Crypto-friendly banks: none listed
Min. Deposit
$10,000
Fiat Rails
SWIFT, Local ACH
Card Payments
Visa, Mastercard

Sources

Frequently Asked Questions

Is crypto legal in Guyana?
Cryptocurrency is currently classified as "Unknown" in Guyana. Guyana has no specific crypto regulation. The Bank of Guyana has not issued formal guidance on cryptocurrencies.
What is the crypto tax rate in Guyana?
In Guyana, the personal capital gains tax on crypto is No specific guidance, and the corporate tax rate is 25%-40% corporate tax. No crypto-specific tax guidance.
Do I need a crypto license in Guyana?
No, Guyana does not currently require a specific crypto license, though other financial regulations may apply.
Is crypto mining legal in Guyana?
No, crypto mining is currently banned or illegal in Guyana. Mining legal status is unclear. Proceed with caution and seek legal advice.
What are the AML/KYC requirements for crypto in Guyana?
Yes, crypto businesses in Guyana must comply with KYC (Know Your Customer) requirements. FATF compliance status: partially_compliant.