What is Maldives's FATF status?

Maldives is classified by FATF as: non_compliant.

What is the AML/KYC regime in Maldives?

KYC is mandatory for crypto businesses.

Maldives

Maldives has no specific cryptocurrency regulation.

Overview

Status	Restricted
Risk Score	55/100 (High Risk)
Region	south asia
Currency	MVR

Tax Information

Capital Gains (Personal)	0% - no personal income tax on capital gains
Capital Gains (Corporate)	15% CIT
VAT on Crypto	No
Staking Tax	N/A
Airdrop Tax	N/A

No crypto-specific tax guidance available.

Licensing & Registration

Required	No
Regulator	MMA
Framework	No crypto framework; MMA has cautioned public about crypto risks
Ease	very_complex

Enforcement Activity

Level: Moderate

No detailed enforcement information available

AML / KYC

KYC Required	Yes
Travel Rule	No
FATF Member	No
FATF Status	non_compliant
FATF Body	APG
Suspicious-Activity Reporting	No

DeFi, Stablecoins & NFTs

Status: unregulated

Stablecoins

Status: unregulated

NFTs

Status: unregulated

Mining

Legal	No
Electricity Cost	$0.2/kWh
Renewable Energy	20%
Infrastructure	fair

Crypto mining is restricted in Maldives due to high electricity costs and limited infrastructure. The tropical climate increases cooling costs. Renewable energy share is moderate but insufficient to lower costs significantly.

Geopolitical Risk

Stability	moderate
Sanctions	No
Corruption Index	40/100
Banking Access	restricted

Risk Factors

capital controls
regulatory uncertainty
limited banking access

Maldives has moderate political stability with some regulatory uncertainty around crypto. Banking access for crypto firms is restricted, and capital controls pose risks. No major international sanctions apply.