Kiribati Compliance Report

Regulatory Overview

Regulatory Status

Regulators have not addressed crypto; legal status ambiguous

Key Regulator(s)

Central Bank of Kiribati, Bank of Kiribati Act, Ministry of Finance and Economic Development

Primary Legislation

While a direct, stable public URL for the Kiribati AML/CTF Act 2018 on a governm, Anti-Money Laundering and Counter-Terrorist Financing Act 2018 (Kiribati) on Pac, Consolidated Act, Bank of Kiribati Act (Consolidated, check for latest version) on PacLII, Financial Institutions Act (Consolidated, check for latest version) on PacLII

Travel Rule

Not adopted

Tax Reporting

Kiribati does not currently impose a capital gains tax.. This means that profits derived from the sale or disposal of cryptocurrencies by individuals or businesses, if purely considered capital gains, would not be subject to capital gains tax in Kiribati.. If an individual frequently trades crypto with the intent of profit, or earns income through activities like mining, staking, or providing services paid in crypto, this could be considered taxable income.. Kiribati has a progressive individual income tax rate. As of recent information, the rates can vary, but typically involve thresholds and increasing percentages.. If a business engages in crypto-related activities (e.g., operating a crypto exchange, mining operation, or receiving crypto as payment for goods/services) as part of its ordinary business operations, any profits derived would be considered part of its taxable income.

Key Facts

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