What is Micronesia's FATF status?

Micronesia is classified by FATF as: non_compliant.

What is the AML/KYC regime in Micronesia?

KYC is not universally mandated.

Micronesia

Micronesia has no specific cryptocurrency regulation.

Overview

Status	unknown
Risk Score	65/100 (High Risk)
Region	asia pacific
Currency	USD

Tax Information

Capital Gains (Personal)	0% - no income tax on individuals
Capital Gains (Corporate)	21% gross revenue tax
VAT on Crypto	No
Staking Tax	N/A
Airdrop Tax	N/A

No crypto-specific tax guidance available.

Licensing & Registration

Required	No
Regulator	FSM Banking Board
Framework	No crypto legislation; uses USD
Ease	very_complex

Enforcement Activity

Level: Moderate

No detailed enforcement information available

AML / KYC

KYC Required	No
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	Yes
Electricity Cost	$0.3/kWh
Renewable Energy	15%
Infrastructure	poor

Electricity costs are very high, infrastructure is limited, and renewable energy share is low. Mining viability is low due to high costs and poor infrastructure.

Geopolitical Risk

Stability	moderate
Sanctions	No
Corruption Index	35/100
Banking Access	restricted

Risk Factors

geographic isolation
limited infrastructure
economic dependence on aid

Micronesia is politically stable but faces challenges due to geographic isolation and limited infrastructure. No international sanctions apply. Banking access for crypto is restricted and ease of doing business is difficult.