Grenada Compliance Report

Regulatory Overview

Regulatory Status

Regulators have not addressed crypto; legal status ambiguous

Key Regulator(s)

Grenada Financial Services Authority, Primarily the UN Security Council, Grenada Authority for the Regulation of Financial Institutions, Eastern Caribbean Central Bank

Primary Legislation

The Act mandates that a licensee must, at all times, maintain sufficient capital

Travel Rule

Adopted — Threshold: $250,000

Tax Reporting

General Rule: Grenada does not impose a general capital gains tax on individuals or companies.. Application to Crypto: Therefore, profits derived from the mere holding and disposal of cryptocurrency as an investment asset, without the activity constituting a "trade or business," are generally not subject to capital gains tax in Grenada.. Important Distinction: This exemption typically applies to long-term passive investments. If the activities are deemed to be a "trade or business," the profits would then be treated as income and subject to income tax (see below). The distinction depends on factors like frequency of trades, intent, organization, and scale of activity.. Active crypto trading (speculation, day trading, etc.). Mining operations conducted as a business

Key Facts

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