What is Seychelles's FATF status?

Seychelles is classified by FATF as: fsrb_only.

Are VASPs licensed in Seychelles?

Yes — licensing is required for VASPs.

What is the AML/KYC regime in Seychelles?

KYC is mandatory for crypto businesses.

🇸🇨 Seychelles

Seychelles has a robust regulatory framework for crypto, governed by the Virtual Asset Service Providers Act, 2024, with active enforcement against unauthorized crypto activities and scams.

Overview

Status	crypto_friendly
Risk Score	35/100 (Moderate Risk)
Region	africa east
Currency	SCR

Tax Information

VAT on Crypto

The regulator page does not specify detailed tax rules for cryptocurrency activities.

Licensing & Registration

Required	Yes
Regulator	FSA Seychelles
Framework	Virtual Asset Service Providers Act, 2024
Ease	medium
Cost (USD)	$5,000 - $50,000

Licensing is mandatory under the Virtual Asset Service Providers Act, 2024, with active monitoring and enforcement by the Financial Services Authority.

Enforcement Activity

Level: Low

FSA has strengthened AML enforcement under FATF pressure.

AML / KYC

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

DeFi, Stablecoins & NFTs

Status: unregulated

No explicit regulatory stance on DeFi is mentioned on the page.

Stablecoins

Status: unknown

No specific stablecoin framework.

NFTs

Status: no_rules

No NFT-specific regulation.

Mining

Legal	Yes
Electricity Cost	$0.22/kWh
Renewable Energy	35%
Infrastructure	fair

Mining is legal with moderate electricity costs and 35% renewable energy; infrastructure is fair.

Geopolitical Risk

Stability	stable
Sanctions	No
Corruption Index	45/100
Banking Access	moderate

Risk Factors

capital controls
fraudulent schemes
regulatory enforcement risks

Seychelles is politically stable with moderate corruption and moderate ease of doing business. The jurisdiction actively combats fraudulent crypto activities.