Crypto Regulation in Wallis and Futuna

No specific crypto regulation. French financial regulations generally apply as a French overseas collectivity.

Risk Score: 50/100

Tax Information

Capital Gains (Personal)
--
Capital Gains (Corporate)
--
VAT on Crypto
--
Staking Tax
--
Airdrop Tax
--
Mining Tax
--

Licensing & Registration

License Required
No
Regulator
AMF / IEOM (Institut d'emission d'outre-mer)
Framework
--
License Types
--
Estimated Cost (USD)
--
Timeline
--
Ease of Licensing
--

AML / KYC

KYC Required
--
Travel Rule
--
FATF Member
--
FATF Status
--
Suspicious Activity Reporting
--

Mining

Mining Legal
Yes
Status
Legal
Electricity Cost ($/kWh)
$0.25
Renewable Energy
20%
Climate
Tropical
Infrastructure
Moderate
Tax on Mining Income
Standard corporate tax rates apply
Notes
High electricity costs significantly reduce mining profitability.

Soken Services

Legal Opinion
Available | $3,000 - $12,000 | 10 days
Banking
Difficulty: Hard | Crypto-friendly banks: none listed
Min. Deposit
$10,000
Fiat Rails
SWIFT
Card Payments
Visa, Mastercard
Company Registration
$8,000 | 30 days | Limited Liability Company

Sources

Frequently Asked Questions

Is crypto legal in Wallis and Futuna?
Cryptocurrency is currently classified as "Legal" in Wallis and Futuna. No specific crypto regulation. French financial regulations generally apply as a French overseas collectivity.
What is the crypto tax rate in Wallis and Futuna?
In Wallis and Futuna, the personal capital gains tax on crypto is not publicly specified, and the corporate tax rate is not publicly specified.
Do I need a crypto license in Wallis and Futuna?
No, Wallis and Futuna does not currently require a specific crypto license, though other financial regulations may apply.
Is crypto mining legal in Wallis and Futuna?
Yes, crypto mining is legal in Wallis and Futuna. Electricity costs approximately $0.25/kWh. Mining income is taxed at: Standard corporate tax rates apply. High electricity costs significantly reduce mining profitability.
What are the AML/KYC requirements for crypto in Wallis and Futuna?
KYC requirements for crypto businesses in Wallis and Futuna are not clearly defined.