What is Saint Kitts and Nevis's FATF status?

Saint Kitts and Nevis is classified by FATF as: fsrb_only.

Are VASPs licensed in Saint Kitts and Nevis?

Yes — licensing is required for VASPs.

What is the AML/KYC regime in Saint Kitts and Nevis?

KYC is mandatory for crypto businesses.

🇰🇳 Saint Kitts and Nevis

Saint Kitts and Nevis maintains a crypto-friendly regulatory environment with a focus on AML/CFT compliance under the Financial Services Regulatory Commission. The country enforces AML laws aligned with FATF recommendations and actively warns against crypto-related scams.

Overview

Status	crypto_friendly
Risk Score	30/100 (Moderate Risk)
Region	caribbean
Currency	XCD

Tax Information

VAT on Crypto

The regulatory page does not provide explicit details on crypto taxation; VAT does not apply to crypto transactions.

Licensing & Registration

Required	Yes
Regulator	FSRC
Framework	Virtual Asset Business Act
Ease	medium
Cost (USD)	$5,000 - $40,000

Licensing is required under the Virtual Asset Business Act, with regulatory oversight by the Financial Services Regulatory Commission.

Enforcement Activity

Level: Low

FSRC oversight.

AML / KYC

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

DeFi, Stablecoins & NFTs

Status: unknown

DeFi activities are currently unregulated with no specific framework in place.

Stablecoins

Status: unknown

No framework.

NFTs

Status: no_rules

No regulation.

Mining

Legal	Yes
Electricity Cost	$0.28/kWh
Renewable Energy	10%
Infrastructure	fair

Mining is legal but electricity costs are relatively high; infrastructure is fair for data centers and internet connectivity.

Geopolitical Risk

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

Risk Factors

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AML enforcement risks

Saint Kitts and Nevis is politically stable with moderate corruption and moderate ease of doing business. The country is not under international sanctions and maintains free internet access. Banking access for crypto companies is moderate, with active AML enforcement and public advisories against scams.