There is no dedicated cryptocurrency or digital asset law in Solomon Islands; virtual assets are not explicitly legalized, prohibited, or regulated under any specific statute Parliament

No named regulator has been designated with specific authority over virtual assets, digital currencies, or blockchain-based financial services as of 2025–2026 National Parliament of Solomon Islands

No licensing or registration regime exists for cryptocurrency exchanges, wallet providers, or digital asset service providers—no entity can apply for a crypto-specific license SI Constitution

Zero entities have been licensed or authorized to conduct cryptocurrency business in Solomon Islands Parliament Fact Sheet

The practical reality is that cryptocurrency activity operates in a legal vacuum; while no law explicitly bans it, no legal framework authorizes, supervises, or protects virtual asset businesses, and the Central Bank has not issued any public framework for digital assets Legislation Act 2023 - National Parliament of Solomon Islands

No specific government body in Solomon Islands has been formally assigned statutory responsibility for cryptocurrency or digital asset regulation National Parliament of Solomon Islands

The Central Bank of Solomon Islands (CBSI) serves as the nation's central financial authority under the existing constitutional and statutory framework, but no gazetted notice or legislation has been identified that confers specific virtual asset oversight powers to CBSI SI Gazette - 2011 Gazette Notices Gazette Edn. No. GN No. Publication date

The Ministry of Finance and Treasury has general responsibility for financial sector policy, but no public document indicates it has issued any cryptocurrency-specific directives Parliament

The Office of the Registrar of Companies, operating under the Ministry of Commerce, handles general business registration but has no published mandate for digital asset service providers Acts Of Parliament 1982 | National Parliament of Solomon Islands

No dedicated fintech, innovation, or digital asset office exists within the Solomon Islands government structure National Parliament of Solomon Islands

The Constitution of Solomon Islands (Solomon Islands Independence Order 1978, Statutory Instruments 1978 No. 783) is the supreme law of the land and establishes the legal foundation for all legislation, but contains no provisions addressing digital assets, virtual currencies, or financial technology SI Constitution

The Constitution came into operation on 7th July 1978, having been made on 31st May 1978 and laid before the UK Parliament on 8th June 1978 SI Constitution

Section 5 of the Solomon Islands Independence Order 1978 provides that "existing laws" continue in operation and are construed with modifications to conform with the Constitution, meaning pre-independence laws such as the Penal Code and Companies Act technically still apply to any activity not specifically addressed by new legislation SI Constitution

The Legislation Act 2023 was preceded by the Legislation Bill 2023, which was tabled in Parliament in October 2023—neither version addresses financial technology or digital assets Legislation Bill 2023

There is no specific legislation named the "Virtual Asset Act," "Cryptocurrency Act," "Digital Asset Act," or "Electronic Money Act" in the Solomon Islands statutes Acts Of Parliament 1982 | National Parliament of Solomon Islands

The existing Immigration Act 2011, while not a financial law, indicates the types of legislation enacted by Parliament and demonstrates that no equivalent digital asset statute has been passed Parliament

No gazetted notices from 2011 or any subsequent year indicate the introduction of cryptocurrency regulations or virtual asset licensing frameworks SI Gazette - 2011 Gazette Notices Gazette Edn. No. GN No. Publication date

The Parliament's official website lists "Acts" and "Bills" as separate categories, and none of the listed legislation as of the available records pertains to digital assets National Parliament of Solomon Islands

No reference to Solomon Islands' FATF (Financial Action Task Force) mutual evaluation report status or Moneyval membership has been identified in Solomon Islands' official records National Parliament of Solomon Islands

No indication exists that Solomon Islands has adopted FATF Recommendation 15 (new technologies) or the FATF Travel Rule for virtual assets SI Constitution

No public record confirms Solomon Islands' membership in any regional anti-money laundering body such as the Asia/Pacific Group on Money Laundering (APG) Parliament Fact Sheet

No public information documents Solomon Islands' participation in FATF-style peer reviews or its compliance ratings for virtual asset regulation Parliament

The Legislation Act 2023 modernizes the parliamentary legislative process but does not mention international standards implementation for financial crimes Legislation Act 2023 - National Parliament of Solomon Islands

Under the current legal framework, there is no licensing requirement for cryptocurrency exchanges, digital wallet providers, miners, or virtual asset service providers (VASPs), because no law exists that would create such licenses Acts Of Parliament 1982 | National Parliament of Solomon Islands

No provision in the Solomon Islands Independence Order 1978 or any subsequent statute defines "virtual asset," "cryptocurrency," "digital currency," "distributed ledger technology," or "blockchain" for licensing purposes SI Constitution

The absence of a statutory definition means that even general business licensing requirements cannot be applied to crypto activities in a legally certain manner Parliament

A business conducting cryptocurrency activity would face the legal question of whether it falls under general company law, money services business rules, or banking law provisions—no source provides certainty on this classification National Parliament of Solomon Islands

The average citizen engaging in peer-to-peer crypto transactions has no registration or notification obligation under any identified statute SI Gazette - 2011 Gazette Notices Gazette Edn. No. GN No. Publication date

Since the concept of a "digital asset service provider" does not appear in any Solomon Islands statute, no activities—including exchange, custody, transfer, brokerage, or mining—have been identified as requiring a specific crypto license Acts Of Parliament 1982 | National Parliament of Solomon Islands

The Legislation Act 2023, which came into effect to streamline how statutory instruments are published, does not create any licensing categories for financial technology businesses Legislation Act 2023 - National Parliament of Solomon Islands

Parliament has not debated or passed any bill that would establish a VASP licensing regime, as evidenced by the absence of such bills in the parliamentary record Legislation Bill 2023

No monetary thresholds, capital requirements, or minimum paid-up capital figures for crypto businesses have been published in any Solomon Islands official source Parliament Fact Sheet

There is no application process for a cryptocurrency license because no licensing authority exists and no application forms or procedures have been published National Parliament of Solomon Islands

No timeline can be provided for license approval because the legal framework does not exist SI Constitution

No structural requirements—such as local incorporation, residency of directors, physical presence, or capital deposit—have been specified for crypto businesses Acts Of Parliament 1982 | National Parliament of Solomon Islands

Any company intending to operate in the financial sector would first need to comply with general business registration requirements under the Companies Act, but this does not constitute a crypto-specific license Parliament

ZERO entities have been licensed, registered, or authorized by the Solomon Islands government to conduct cryptocurrency or digital asset business. No public record exists of any virtual asset exchange, custodian, or intermediary receiving government approval National Parliament of Solomon Islands

No source in the available record indicates that the Central Bank, Ministry of Finance, or any other authority has ever issued a crypto-specific license or authorization Parliament Fact Sheet

The absence of a licensing regime means that no entity could lawfully claim to be "regulated" or "licensed" for crypto business in Solomon Islands, and any such claim would be legally unsupported Acts Of Parliament 1982 | National Parliament of Solomon Islands

No AML/KYC obligations specific to virtual assets or cryptocurrencies have been enacted in Solomon Islands law Acts Of Parliament 1982 | National Parliament of Solomon Islands

No Customer Due Diligence (CDD) requirements, Enhanced Due Diligence (EDD) rules, or Suspicious Transaction Report (STR) obligations that would apply to digital asset businesses have been enacted SI Constitution

No record retention periods for crypto-related financial transactions have been established by Solomon Islands regulators National Parliament of Solomon Islands

Beneficial ownership reporting requirements, if they exist under general company law, have not been extended or clarified to cover virtual asset service providers Parliament

Political Exposed Person (PEP) screening obligations for crypto businesses are not mentioned in any source from Solomon Islands Parliament Fact Sheet

The absence of a crypto-specific AML framework means that any obligations would fall under general anti-money laundering legislation, but no specific law has been identified that applies to virtual asset transactions Acts Of Parliament 1982 | National Parliament of Solomon Islands

No enforcement actions against cryptocurrency businesses or individuals have been documented in the provided sources National Parliament of Solomon Islands

No fines, penalties, arrests, or court cases involving virtual assets have been identified in Solomon Islands SI Gazette - 2011 Gazette Notices Gazette Edn. No. GN No. Publication date

No regulator has publicly announced an investigation into crypto-related activity in the available sources Parliament Fact Sheet

The absence of documented enforcement actions is consistent with the complete lack of a regulatory framework for digital assets Acts Of Parliament 1982 | National Parliament of Solomon Islands

No tax guidance has been issued for virtual assets in Solomon Islands Parliament

No public ruling confirms whether the Solomon Islands Income Tax Act applies to cryptocurrency gains, and no ruling from the Inland Revenue Division addresses whether crypto profits constitute taxable income National Parliament of Solomon Islands

No capital gains tax provisions have been identified in the sources that would specifically cover digital asset disposals SI Constitution

No VAT/GST treatment has been specified for cryptocurrency transactions, exchange fees, or mining rewards Acts Of Parliament 1982 | National Parliament of Solomon Islands

The absence of tax guidance creates significant uncertainty for any business or individual seeking to report crypto income in Solomon Islands Parliament Fact Sheet

The Solomon Islands has no legal definition of "virtual asset," "cryptocurrency," or "digital currency" in any statute or gazetted instrument SI Constitution

No regulator has been designated with authority over digital assets, meaning no entity can provide legal certainty or guidance to market participants National Parliament of Solomon Islands

There is no consumer protection framework for persons who purchase or trade cryptocurrencies in Solomon Islands Parliament

No anti-money laundering obligations have been extended to virtual asset service providers, creating a potential FATF compliance gap Parliament Fact Sheet

The country lacks a licensing regime, which means no market entry pathway exists for legitimate businesses Acts Of Parliament 1982 | National Parliament of Solomon Islands

A business operating a crypto exchange in Solomon Islands faces the risk that the government could retroactively declare its activities unlawful without prior notice Legislation Act 2023 - National Parliament of Solomon Islands

Without a regulatory framework, a crypto business has no legal recourse if a regulator or law enforcement agency decides to classify its operations as unauthorized financial services or money laundering SI Constitution

Banks in Solomon Islands may refuse to open accounts for crypto businesses due to the lack of legal clarity, effectively creating an informal prohibition National Parliament of Solomon Islands

Businesses cannot obtain legal certainty from any government official, as no authority has the statutory mandate to rule on virtual asset matters Parliament Fact Sheet

The lack of a tax framework means businesses cannot comply with obligations that have not been defined, creating unforeseen liability risks Acts Of Parliament 1982 | National Parliament of Solomon Islands

While the Constitution provides for the rule of law and Parliament's ability to make laws, no implementing regulations for digital assets have been adopted SI Constitution

The Legislation Act 2023 demonstrates that Parliament is modernizing its legislative processes, but this does not extend to creating financial technology regulation Legislation Act 2023 - National Parliament of Solomon Islands

The practical reality in Solomon Islands is that cryptocurrency activity occurs without any official recognition, creating a legal gray market Parliament

No inter-agency coordination mechanism exists to address digital asset policy, and there is no evidence of any government working group or task force on this topic National Parliament of Solomon Islands

The risk of a sudden, unprepared regulatory action is significant, particularly if the FATF applies pressure on Solomon Islands to address virtual asset money laundering risks SI Gazette - 2011 Gazette Notices Gazette Edn. No. GN No. Publication date

SI Gazette - 2011 Gazette Notices Gazette Edn. No. GN No. Publication date

National Parliament of Solomon Islands

Legislation Act 2023 - National Parliament of Solomon Islands

Acts Of Parliament 1982 | National Parliament of Solomon Islands