Is Crypto Legal in Grenada?
Cryptocurrency is legal and regulated in Grenada. The jurisdiction has a comprehensive, dedicated crypto framework with licensing and active enforcement. Grenada Financial Services Authority is among the 4 regulators with oversight. The FATF Travel Rule is adopted, with a $250,000 threshold.
Derived from 303 sourced facts for Grenada · last updated · primary sources
Overview
Grenada regulates virtual asset businesses under the Virtual Asset Business Act (VABA), administered by GARFIN (Grenada Authority for the Regulation of Financial Institutions), with licensing required for activities including fiat-to-virtual-asset exchange, virtual asset safekeeping, and participation in virtual asset issuance. AML/CFT supervision sits with the Financial Intelligence Unit (FIU), which enforces obligations derived from the Proceeds of Crime Act and FATF-aligned guidance, including Travel Rule compliance requiring collection, seven-year retention, and on-demand disclosure of originator and beneficiary information, with non-compliant transfers mandatorily declined and reported to the FIU. Firms must also maintain sufficient capital at all times and ensure directors or senior officers are ordinarily resident in Grenada or satisfy alternative arrangements approved by the Authority. (fiu.gov.gd, grenadagazette.gov.gd, eccb-centralbank.org)
Regulatory Bodies
Grenada Financial Services Authority (FSA): The competent authority responsible for licensing, supervision, and enforcement of the Virtual Asset Business Act.
Screen Against Mandatory Lists: Primarily the UN Security Council Consolidated List.
Potential "E-money" or "Payment System": If a stablecoin were designed to function purely as a medium of exchange pegged to a fiat currency, and widely accepted for payments, the ECCB or Grenada's financial regulators (like GARFIN, the…
Significant Interaction: This is a crucial area of interaction.
Operating Models
9/9 verdictsCan specific business models operate in Grenada? Each card answers the operational question for one kind of operator. Curated cells reflect counsel-grade review; AI-generated cells should be confirmed before relying on them.
Conditional · high burden.
AI · UnreviewedConditional · medium burden.
AI · UnreviewedConditional · no licensing.
AI · UnreviewedConditional · high burden.
AI · UnreviewedConditional · high burden.
AI · UnreviewedConditional · high burden.
AI · UnreviewedConditional · high burden.
AI · UnreviewedConditional · medium burden.
AI · UnreviewedConditional · high burden.
AI · UnreviewedLicensing Requirements
No verified facts yet. 54 unverified fact(s) in explorer
AML/KYC Requirements
No explicit classification: Grenada's existing laws do not explicitly define or classify stablecoins as e-money, payment tokens, or securities.
Likely "Virtual Assets": Most commonly, stablecoins would be classified as "Virtual Assets" (VAs) under the Money Laundering and Terrorist Financing (Prevention and Control) Act and its accompanying regulations, which aim to align with the Financial Action Task Force (FATF) Recommendations on virtual assets and Virtual Asset Service Providers (VASPs). This broad classification primarily triggers AML/CFT obligations.
Grenada's primary anti-money laundering legislation is the Money Laundering (Prevention) Act (Chapter 197A), hosted on the official Parliament of Grenada website. The current Financial Intelligence Unit (FIU) of Grenada operates at grenadafiu.com and does not host this legislation at fiu.gov.gd. No Grenada-specific law titled 'Money Laundering and Terrorist Financing (Prevention and Control) Act' was found.
FATF Guidance for a Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers (VASPs): https://www.fatf-gafi.org/media/fatf/documents/recommendations/RBA-VA-VASPs.pdf (Grenada, as a FATF member, is expected to implement these).
Potential "E-money" or "Payment System": If a stablecoin were designed to function purely as a medium of exchange pegged to a fiat currency, and widely accepted for payments, the ECCB or Grenada's financial regulators (like GARFIN, the Grenada Authority for the Regulation of Financial Institutions) might consider it a form of e-money or a component of a payment system, which would attract a higher level of prudential regulation. However, explicit definitions for stablecoins in this context are absent.
No specific stablecoin reserve requirements: As there is no specific stablecoin legislation, there are no explicit reserve requirements mandated for private stablecoin issuers in Grenada.
Prudential requirements via sandbox: If an entity were to issue a stablecoin and operate under the ECCB Fintech Regulatory Sandbox, the ECCB would likely impose prudential requirements, including robust reserve backing, independent audits, segregation of client funds, and capital adequacy, similar to traditional financial institutions.
ECCB Fintech Regulatory Sandbox Framework: Available on the ECCB website. (General search: eccb-centralbank.org/p/fintech-regulatory-sandbox)
No specific "stablecoin issuer license": There is no designated license category for stablecoin issuers.
VASP Registration/Licensing: If an entity provides services related to stablecoins (e.g., exchange, transfer, custody), it would likely be deemed a "Virtual Asset Service Provider" (VASP) under Grenada's AML/CFT framework and would be required to register with or be licensed by the Grenada Financial Intelligence Unit (FIU) or another designated authority, subject to the scope of the local AML/CFT laws.
FIU Grenada: https://www.fiu.gov.gd/ (Responsible for AML/CFT oversight and VASP registration if specified in local regulations).
ECCB Licensing/Sandbox: For any significant operation that might resemble banking, e-money issuance, or payment systems, the issuer would likely need to engage with the ECCB. The ECCB Fintech Regulatory Sandbox is the most probable avenue for licensed experimentation and operation for innovative financial products, including potentially stablecoins, within the ECCU. Any private stablecoin intending to circulate widely as a payment instrument would likely require explicit approval or licensing from the ECCB.
ECCB Fintech Regulatory Sandbox Framework: https://www.eccb-centralbank.org/p/fintech-regulatory-sandbox
No specific statutory redemption rights: In the absence of specific stablecoin regulation, there are no statutory redemption rights explicitly defined for stablecoin holders in Grenada.
Contractual & General Consumer Protection: Redemption rights would primarily be governed by the terms and conditions set by the stablecoin issuer. General consumer protection laws would apply, but specific mechanisms for crypto assets are not outlined.
Sandbox Conditions: Within the ECCB Sandbox, clear and robust redemption mechanisms (e.g., 1:1 redemption for fiat) would be a mandatory condition for approval to ensure consumer protection and stability.
No specific rules whatsoever: Given the nascent stage of stablecoin regulation, there are absolutely no specific rules or prohibitions regarding algorithmic stablecoins in Grenada or the ECCB framework.
High Risk/Skepticism: Due to the inherent instability risks associated with algorithmic stablecoins, any proposal for such a product would likely face extreme scrutiny and skepticism from the ECCB and Grenadian regulators, making approval highly unlikely under current conditions. They would likely fall under the broader "virtual asset" classification but would struggle to meet any prudential or stability requirements if considered for broader use.
Significant Interaction: This is a crucial area of interaction. The Eastern Caribbean Central Bank (ECCB) has already launched and implemented DCash, its own retail Central Bank Digital Currency (CBDC), across the ECCU, including Grenada.
Monetary Sovereignty: The existence and successful rollout of DCash mean that the ECCB is actively involved in the digital currency space. Any private stablecoin seeking to function as a general payment instrument within Grenada would be viewed in the context of DCash and the ECCB's role in maintaining monetary and financial stability.
Competitive Landscape & Oversight: The ECCB would likely scrutinize private stablecoins that could potentially compete with or undermine the monetary sovereignty provided by DCash. While the ECCB encourages innovation through its sandbox, private stablecoins that aim for widespread adoption as a currency substitute would likely require rigorous oversight and potentially face significant regulatory hurdles to ensure they do not disrupt the financial system or compromise the integrity of the currency union.
Grenada participated in the ECCB's DCash pilot starting in March 2021, but the ECCB has since shifted its focus from DCash to a broader fast payments system (FPS), making the original DCash initiative page outdated as a current representation of Grenada's digital currency landscape.
Travel Rule
No verified facts yet. 18 unverified fact(s) in explorer
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
Operating a cryptocurrency exchange or platform
Providing crypto-related services (e.g., advisory, development, custody)
Receiving crypto as payment for goods or services (treated as business revenue)
Income from staking, lending, or other DeFi activities, if structured as a business or part of one.
Profits from crypto trading or other crypto-related business activities would be aggregated with other income and taxed at progressive rates.
First EC$24,000 of chargeable income: Exempt
Next EC$36,000 (i.e., income from EC$24,001 to EC$60,000): 10%
Chargeable income exceeding EC$60,000: 25%
Deductible Expenses: Expenses directly and exclusively incurred in generating such income (e.g., electricity for mining, software subscriptions, trading fees) are generally deductible.
Companies legally registered in Grenada and engaged in crypto-related activities (e.g., operating an exchange, a mining farm, a blockchain development firm) will have their net profits taxed at the corporate income tax rate.
Rate: The standard corporate income tax rate in Grenada is 28%.
Deductible Expenses: Normal business expenses are deductible in calculating taxable profit.
Services provided for a fee related to cryptocurrency are generally subject to VAT if the provider is VAT-registered and the services are rendered in Grenada. Examples include:
Transaction fees charged by a cryptocurrency exchange.
Brokerage or advisory services related to crypto.
Custodial services for virtual assets.
Software development services for blockchain applications.
Consulting fees for crypto strategies.
Businesses making taxable supplies over a certain threshold (currently EC$200,000 per annum) are required to register for VAT, charge VAT on their taxable supplies, and remit it to the tax authorities.
If an individual derives income from crypto activities that are considered a trade or business, this income must be declared on their annual Personal Income Tax (PIT) return.
Even if capital gains are not taxable, it is prudent to maintain records of all crypto transactions, including acquisition dates, costs, and disposal proceeds, to demonstrate that activities do not constitute a trade or business if questioned by tax authorities.
Companies engaged in crypto-related activities must file annual Corporate Income Tax (CIT) returns, declaring all income and claiming eligible deductions.
Businesses registered for VAT must file periodic VAT returns (usually monthly or quarterly) and remit the collected VAT to the Inland Revenue Department.
Record Keeping: All taxpayers (individuals and businesses) are required to maintain proper records of all transactions, income, and expenses for a specified period (typically 7 years) to support their tax filings.
AML/CTF Reporting: While not strictly tax, financial institutions and certain designated non-financial businesses and professions (DNFBPs), which could include crypto exchanges or service providers, have reporting obligations under Grenada's Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) laws. This includes reporting suspicious transactions to the Financial Intelligence Unit (FIU).
This is the primary tax authority in Grenada. Their website provides information on tax laws, forms, and guidance.
Note: You may need to navigate their site to find the specific Income Tax Act, VAT Act, and any public notices or guidance documents. These are often found under sections like "Legislation," "Tax Laws," or "Publications."
Provides access to general government information, official publications, and links to various ministries and departments.
Note: While not a direct tax authority, it's the official portal for legislative updates and government policy.
While primarily a financial regulator and not a tax authority, GARFIN may issue guidance or regulations related to virtual assets that could have indirect tax implications or precede specific tax legislation.
Custody Requirements
Custody regulation data collection in progress.
Stablecoin Regulation
Stablecoin regulation data collection in progress.
Securities Classification
Eastern Caribbean Securities Exchange (ECSE): Oversees securities trading across several Eastern Caribbean nations, including Grenada.
Ministry of Finance, Grenada: Responsible for financial oversight and can influence regulatory frameworks related to digital assets indirectly through existing securities regulations.
Chapter 299A Securities Act: Governs the issuance and trading of traditional securities in Grenada, though it does not explicitly reference digital assets or cryptocurrencies.
Source: Chapter 299A SECURITIES ACT
Grenada - Securities & Stock Exchange - Brill Reference Works
Eastern Caribbean Securities Exchange (ECSE)
claim: Cryptocurrencies and digital assets are not explicitly addressed in Grenada's current securities legislation as of 2025–2026. Grenada - Securities & Stock Exchange - Brill Reference Works
claim: The primary regulator for traditional securities is the Eastern Caribbean Securities Exchange (ECSE), operating under the oversight of the Ministry of Finance in Grenada. Government of Grenada – ECSE
claim: No specific licenses or registration processes have been established specifically for cryptocurrency-related activities in Grenada as of 2025–2026. CHAPTER 299A SECURITIES ACT
claim: Republic Securities Limited is registered as a Securities Company and Investment Advisor with the Trinidad and Tobago Securities and Exchange Commission, indicating limited direct oversight for digital assets in Grenada. Republic Securities Limited
claim: The absence of explicit cryptocurrency guidelines means that practical compliance relies heavily on general AML/KYC obligations under existing securities laws. Eastern Caribbean Securities Exchange (ECSE)
claim: No entities have been explicitly licensed for digital asset activities in Grenada as of 2025–2026, suggesting limited operational activity within the jurisdiction. Investment Services
Sanctions & Restrictions
Sanctions data collection in progress.
Enforcement Actions
Financial Intelligence Unit (FIU) of Grenada: The FIU is responsible for receiving, analyzing, and disseminating financial information concerning suspected proceeds of criminal activity and terrorist financing. They would be involved in AML/CFT compliance for virtual assets.
Virtual Asset Business Act (VABA), 2020: This Act provides the framework for the regulation of virtual asset businesses in Grenada, requiring them to be licensed by GARFIN and comply with AML/CFT requirements.
Issue Public Warnings: GARFIN and the FIU have issued general warnings to the public about the risks associated with unregistered virtual asset businesses and the importance of due diligence.
Require Registration/Licensing: All entities operating as Virtual Asset Service Providers (VASPs) in Grenada are legally required to be licensed by GARFIN and comply with AML/CFT regulations enforced by both GARFIN and the FIU.
Monitor and Investigate: The FIU, in particular, would investigate suspicious transactions involving virtual assets as part of its mandate to combat money laundering and terrorist financing. Non-compliance could lead to investigations, orders to cease operations, and potentially sanctions.
Such actions have not occurred at a level deemed "significant" for public reporting.
Any enforcement has been handled privately, or through warnings and cease-and-desist orders without public financial penalties.
The focus has primarily been on establishing and implementing the regulatory framework rather than major punitive actions against specific entities being publicly announced.
While the site provides information on regulated entities and laws, it does not have a dedicated "enforcement actions" section for crypto with the requested details.
Similar to GARFIN, the FIU website outlines its mandate and provides general guidance but does not list specific crypto enforcement actions.
Virtual Asset Business Act, 2020 (Grenada):
This legislation is foundational for crypto regulation in Grenada. Accessing the full text usually requires searching the Grenada Government Gazette or legislative databases, e.g., via the ECCB website which often links to regional legislation: https://www.eccb-centralbank.org/p/grenada-financial-sector-legislation
Research & Articles
Regulatory Forecast
high confidenceLikely enforcement action expected around 2026-08-23
Based on 75 historical regulatory events for Grenada, averaging every 2 days, with increasing regulatory activity.
Recent Updates
Proceeds of Crime Act, Cap. 254: This act defines money laundering offenses and establishes the framework for com...
Proceeds of Crime Act, Cap. 254: This act defines money laundering offenses and establishes the framework for combating financial crime.
Guidance for Virtual Asset Service Providers (VASPs): The FIU has issued guidance notes to clarify the applicatio...
Guidance for Virtual Asset Service Providers (VASPs): The FIU has issued guidance notes to clarify the application of AML/CFT requirements to VASPs, in line with Financial Action Task Force (FATF) recommendations. This guidance is the most relevant document for crypto businesses.
VASP Definition: The FIU's guidance defines a VASP consistent with FATF recommendations, which includes any natur...
VASP Definition: The FIU's guidance defines a VASP consistent with FATF recommendations, which includes any natural or legal person who, as a business, conducts one or more of the following activities for or on behalf of another natural or legal person:
This is typically a prudential requirement found in dedicated financial services legislation for regulated entities (...
This is typically a prudential requirement found in dedicated financial services legislation for regulated entities (banks, securities firms), which is not yet fully applied to standalone crypto custodians in Grenada.
No specific definition: The concept of a "qualified custodian" as defined by bodies like the US SEC (e.g., banks,...
No specific definition: The concept of a "qualified custodian" as defined by bodies like the US SEC (e.g., banks, registered broker-dealers, trust companies) does not have a direct, equivalent legal definition within Grenadian legislation specifically for digital assets.
No publicly available information on specific custody legislation: As of the last review, there is no widely publ...
No publicly available information on specific custody legislation: As of the last review, there is no widely publicized or pending legislation in Grenada that specifically introduces a dedicated licensing regime for digital asset custody services with detailed prudential requirements (like asset segregation, insurance, or cold storage mandates) beyond the existing VASP AML/CFT framework.
The Proceeds of Crime Act (Cap 253 of the Continuous Revised Laws of Grenada): This Act primarily deals with mone...
The Proceeds of Crime Act (Cap 253 of the Continuous Revised Laws of Grenada): This Act primarily deals with money laundering and the seizure/confiscation of proceeds of crime. While not directly a sanctions law, it underpins the AML framework that obliges financial institutions to conduct due diligence, including sanctions screening.
The Financial Intelligence Unit Act (Cap 108 of the Continuous Revised Laws of Grenada): This Act establishes the...
The Financial Intelligence Unit Act (Cap 108 of the Continuous Revised Laws of Grenada): This Act establishes the Financial Intelligence Unit (FIU) of Grenada, which is the central agency for receiving, analyzing, and disseminating suspicious transaction reports (STRs) and other financial information related to money laundering and terrorist financing. The FIU provides guidance to reporting entities on their AML/CFT obligations, including sanctions compliance.
UN Sanctions (Mandatory): As a UN member state, Grenada is legally obligated to implement all UN Security Council...
UN Sanctions (Mandatory): As a UN member state, Grenada is legally obligated to implement all UN Security Council Resolutions. This means VASPs must screen against the UN Security Council Consolidated List of individuals and entities subject to asset freezes, travel bans, and arms embargoes.
OFAC Sanctions (Highly Recommended/De Facto Standard): While U.S. Office of Foreign Assets Control (OFAC) sanctio...
OFAC Sanctions (Highly Recommended/De Facto Standard): While U.S. Office of Foreign Assets Control (OFAC) sanctions are primarily binding on U.S. persons and entities, they have significant extra-territorial reach due to the global nature of finance and the U.S. dollar's role. Any Grenadian VASP engaging in transactions with U.S. persons, using U.S. dollar stablecoins, or interacting with U.S.-regulated financial infrastructure will be indirectly subject to OFAC sanctions. Most international financial institutions and payment processors (even crypto-related ones) will require screening against OFAC lists. Failure to comply can lead to being cut off from crucial financial services.
EU Sanctions (Highly Recommended): Similar to OFAC, EU sanctions are primarily binding on EU persons and entities...
EU Sanctions (Highly Recommended): Similar to OFAC, EU sanctions are primarily binding on EU persons and entities. However, given the significant economic ties with Europe, VASPs in Grenada dealing with EU customers, partners, or using EU-domiciled services should also screen against the EU Consolidated List.
Screen Against De Facto International Lists: OFAC SDN List, EU Consolidated List, and potentially the UK Sanction...
Screen Against De Facto International Lists: OFAC SDN List, EU Consolidated List, and potentially the UK Sanctions List, are essential for managing international risk and maintaining correspondent relationships.
Virtual Asset Addresses: While not explicitly on sanctions lists, crypto analytics tools are crucial for identify...
Virtual Asset Addresses: While not explicitly on sanctions lists, crypto analytics tools are crucial for identifying addresses linked to sanctioned entities, ransomware, terrorist groups, or darknet markets, which would trigger STRs.
UN, OFAC, and EU Sanctioned Jurisdictions: Grenadian VASPs must prohibit transactions with or services to countri...
UN, OFAC, and EU Sanctioned Jurisdictions: Grenadian VASPs must prohibit transactions with or services to countries subject to comprehensive sanctions (e.g., Cuba, Iran, North Korea, Syria, specific regions of Ukraine/Russia subject to comprehensive sanctions).
Grenada-Specific Geographic Restrictions: Grenada does not impose its own comprehensive geographic sanctions beyo...
Grenada-Specific Geographic Restrictions: Grenada does not impose its own comprehensive geographic sanctions beyond those it implements under UN mandates. However, the FIU Grenada may issue guidance on high-risk jurisdictions for AML/CFT purposes.
Regulatory Sanctions: Beyond criminal penalties, the relevant regulatory authority (e.g., GARFIN or the FIU) can ...
Regulatory Sanctions: Beyond criminal penalties, the relevant regulatory authority (e.g., GARFIN or the FIU) can impose administrative penalties, revoke licenses (if a licensing regime is in place), issue public reprimands, and take other enforcement actions.
No explicit classification: Grenada's existing laws do not explicitly define or classify stablecoins as e-money, ...
No explicit classification: Grenada's existing laws do not explicitly define or classify stablecoins as e-money, payment tokens, or securities.
ECCB Licensing/Sandbox: For any significant operation that might resemble banking, e-money issuance, or payment s...
ECCB Licensing/Sandbox: For any significant operation that might resemble banking, e-money issuance, or payment systems, the issuer would likely need to engage with the ECCB. The ECCB Fintech Regulatory Sandbox is the most probable avenue for licensed experimentation and operation for innovative financial products, including potentially stablecoins, within the ECCU. Any private stablecoin intending to circulate widely as a payment instrument would likely require explicit approval or licensing from the ECCB.
No specific statutory redemption rights: In the absence of specific stablecoin regulation, there are no statutory...
No specific statutory redemption rights: In the absence of specific stablecoin regulation, there are no statutory redemption rights explicitly defined for stablecoin holders in Grenada.
Significant Interaction: This is a crucial area of interaction. The Eastern Caribbean Central Bank (ECCB) has...
Significant Interaction: This is a crucial area of interaction. The Eastern Caribbean Central Bank (ECCB) has already launched and implemented DCash, its own retail Central Bank Digital Currency (CBDC), across the ECCU, including Grenada.
General Offences (Section 34): "A person who contravenes a provision of this Act or the Regulations commits an of...
General Offences (Section 34): "A person who contravenes a provision of this Act or the Regulations commits an offence and where no specific penalty is provided, is liable on summary conviction to a fine not exceeding EC$250,000 (approximately USD $92,500) or imprisonment for a term not exceeding 3 years, or both."
Virtual Asset Business Act, 2021 (VABA 2021): This is the cornerstone legislation specifically addressing virtual...
Virtual Asset Business Act, 2021 (VABA 2021): This is the cornerstone legislation specifically addressing virtual assets and VASPs. It defines what constitutes a virtual asset and a virtual asset business, mandates registration/licensing for VASPs, and subjects them to AML/CFT obligations. It explicitly brings VASPs under the regulatory purview, requiring them to comply with AML/CFT standards consistent with FATF recommendations GARFIN
Date: Enacted in 2020 FSA Grenada
Date: Enacted in 2020 FSA Grenada
URL: While a direct government PDF link can be elusive for specific acts in some jurisdictions, information regar...
URL: While a direct government PDF link can be elusive for specific acts in some jurisdictions, information regarding the VABA is widely available through the Grenadian government's legal frameworks and summaries by legal firms. You can often find references to the Act on the Grenada Financial Services Authority website or reputable legal databases summarizing Caribbean laws. A direct link to the published Act on a government portal is ideal but often varies in accessibility. Legal firms often provide summaries and references to the official gazette where it was published FSA Grenada
Date: Various amendments, with the most recent version forming the basis for AML/CFT FSA Grenada
Date: Various amendments, with the most recent version forming the basis for AML/CFT FSA Grenada
Numerical Thresholds for CDD/EDD: While the legislation requires identification of beneficial owners owning more ...
Numerical Thresholds for CDD/EDD: While the legislation requires identification of beneficial owners owning more than 25% of an entity, specific transaction thresholds for enhanced due diligence are typically defined by the VASP's own risk assessment policy in alignment with regulatory guidance from GARFIN/FSA. No publicly available regulation specifies a hard EUR/USD amount for triggering EDD; rather, it is based on risk factors such as complexity, customer profile, and jurisdiction
Enforcement Actions: As of April 2026, there are no publicly reported enforcement actions specifically against VA...
Enforcement Actions: As of April 2026, there are no publicly reported enforcement actions specifically against VASPs in Grenada. The regulatory framework is relatively new (enacted 2020/2021), and GARFIN/FSA has focused on issuing guidelines and licensing. The absence of enforcement does not indicate weak oversight; rather, it reflects a compliance-first approach where regulators are actively engaging with licensees to build a compliant industry
Comparison to Other Jurisdictions: Grenada's framework aligns closely with FATF recommendations and is similar to...
Comparison to Other Jurisdictions: Grenada's framework aligns closely with FATF recommendations and is similar to other Caribbean Financial Action Task Force (CFATF) member states. Unlike jurisdictions like the Bahamas (which has the Digital Assets and Registered Exchanges Act, 2020) or Bermuda (with the Digital Asset Business Act, 2018), Grenada's VABA is slightly less prescriptive on specific capital requirements but emphasizes a risk-based approach. The presence of DCash from the ECCB places Grenada ahead of many peers in CBDC integration, though DCash is a central-bank-controlled digital currency, not a virtual asset for speculation
The Grenada Securities Act, Chapter 299A, establishes a comprehensive regulatory framework for securities markets in ...
The Grenada Securities Act, Chapter 299A, establishes a comprehensive regulatory framework for securities markets in Grenada.
Securities issued in Grenada are subject to specific tax provisions outlined in the Income Tax Act, affecting both is...
Securities issued in Grenada are subject to specific tax provisions outlined in the Income Tax Act, affecting both issuers and investors.
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