Crypto Regulation in Kiribati

Unknown

Tax Information

Capital Gains (Personal)
0% - no income tax system
Capital Gains (Corporate)
30% CIT (for companies earning > AUD 14,000)
VAT on Crypto
No
Staking Tax
N/A
Airdrop Tax
N/A
Mining Tax
--

Licensing & Registration

License Required
No
Regulator
Ministry of Finance (Ministry of Finance and Economic Development)
Framework
No crypto legislation; uses Australian dollar
License Types
--
Estimated Cost (USD)
N/A
Timeline
N/A months
Ease of Licensing
Very Complex

AML / KYC

KYC Required
No
Travel Rule
No
FATF Member
--
FATF Status
--
Suspicious Activity Reporting
--

Mining

Mining Legal
No
Status
Unknown
Electricity Cost ($/kWh)
$0.3
Renewable Energy
20%
Climate
Tropical
Infrastructure
Poor
Tax on Mining Income
30% CIT (for companies earning > AUD 14,000)
Notes
Mining legal status is unclear. Proceed with caution and seek legal advice.

DeFi, Stablecoins & NFTs

DeFi: unregulatedStablecoins: unregulatedNFTs: unregulatedCBDC: none

Soken Services

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

Sources

Ministry of Finance - Kiribati
low

Frequently Asked Questions

Is crypto legal in Kiribati?
Cryptocurrency is currently classified as "Unknown" in Kiribati.
What is the crypto tax rate in Kiribati?
In Kiribati, the personal capital gains tax on crypto is 0% - no income tax system, and the corporate tax rate is 30% CIT (for companies earning > AUD 14,000).
Do I need a crypto license in Kiribati?
No, Kiribati does not currently require a specific crypto license, though other financial regulations may apply.
Is crypto mining legal in Kiribati?
No, crypto mining is currently banned or illegal in Kiribati. Mining legal status is unclear. Proceed with caution and seek legal advice.
What are the AML/KYC requirements for crypto in Kiribati?
Kiribati does not currently mandate KYC for crypto businesses, though this may change.