Crypto Regulation in Marshall Islands

Crypto Friendly

Tax Information

Capital Gains (Personal)
0% - no income tax
Capital Gains (Corporate)
0% - no corporate income tax
VAT on Crypto
No
Staking Tax
0%
Airdrop Tax
0%
Mining Tax
--

Licensing & Registration

License Required
Yes
Regulator
Banking Commission (Marshall Islands Banking Commission)
Framework
Declaration and Issuance of the Sovereign (SOV) Act 2018; Non-Profit DAO Act 2022; amended DAO LLC provisions
License Types
--
Estimated Cost (USD)
$5,000 - $15,000
Timeline
1-3 months
Ease of Licensing
Easy

AML / KYC

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

Mining

Mining Legal
Yes
Status
Legal
Electricity Cost ($/kWh)
$0.3
Renewable Energy
20%
Climate
Tropical
Infrastructure
Poor
Tax on Mining Income
0% - no corporate income tax
Notes
High electricity costs significantly reduce mining profitability.

DeFi, Stablecoins & NFTs

DeFi: legalStablecoins: legalNFTs: unregulatedCBDC: planned - SOV cryptocurrency declared legal tender by Act (2018); implementation delayed

Soken Services

Legal Opinion
Available | $2,000 - $8,000 | 7 days
Banking
Difficulty: Medium | Crypto-friendly banks: none listed
Min. Deposit
$10,000
Fiat Rails
SWIFT
Card Payments
Visa, Mastercard
Company Registration
$5,000 | 14 days | Limited Liability Company
Licensing Support
Available | $15,000 - $50,000

Sources

RMI Courts / Banking Commission
medium

Frequently Asked Questions

Is crypto legal in Marshall Islands?
Cryptocurrency is currently classified as "Crypto Friendly" in Marshall Islands.
What is the crypto tax rate in Marshall Islands?
In Marshall Islands, the personal capital gains tax on crypto is 0% - no income tax, and the corporate tax rate is 0% - no corporate income tax.
Do I need a crypto license in Marshall Islands?
Yes, a crypto license is required in Marshall Islands. The regulator is Marshall Islands Banking Commission under Declaration and Issuance of the Sovereign (SOV) Act 2018; Non-Profit DAO Act 2022; amended DAO LLC provisions. Estimated licensing cost: $5,000 - $15,000.
Is crypto mining legal in Marshall Islands?
Yes, crypto mining is legal in Marshall Islands. Electricity costs approximately $0.3/kWh. Mining income is taxed at: 0% - no corporate income tax. High electricity costs significantly reduce mining profitability.
What are the AML/KYC requirements for crypto in Marshall Islands?
Yes, crypto businesses in Marshall Islands must comply with KYC (Know Your Customer) requirements.