Micronesia Compliance Report

Regulatory Overview

Regulatory Status

Regulators have not addressed crypto; legal status ambiguous

Key Regulator(s)

FSM Banking Commission, Department of Finance and Administration

Primary Legislation

Likely Implicit Application of Common Law Principles: Due to historical ties and, Application of General Securities Law (if applicable): If a token were classifie, Public Law No. 20-149, Cryptocurrency has no legal status. There is no cryptocurrency regulation.

Travel Rule

Not adopted

Key Facts

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