Guyana Compliance Report

Regulatory Overview

Regulatory Status

Dedicated crypto/VA legislation, licensing regime, active enforcement

Key Regulator(s)

Bank of Guyana Official Advisory, Ministry of Legal Affairs, Bank of Guyana's, Ministry of Finance, Bank of Guyana Act, Securities and Exchange Commission

Primary Legislation

This is the most certain requirement. Even without a specific VASP law, Guyana h, For any entity requiring a license under the Money Transfer Agencies Act, a loca, Legal opinions confirming compliance with Guyanese law., A standalone VASP Act., Anti-Money Laundering and Countering the Financing of Terrorism Act 2009 (as ame, Guyana AML CFT Act 2009, Bank of Guyana Act (Chapter 86:02): This Act establishes the Bank of Guyana and, No specific URL for the consolidated act is easily available online from an offi, Financial Institutions Act (Chapter 85:01): This Act governs the licensing and s, The Constitution of the Co-operative Republic of Guyana Act (Cap. 1.01) is the s, Regulations, The subsidiary legislation list on Parliament's website shows regulations made u, Record retention obligations for financial records exist under general tax law,, No Guyanese court has issued a judgment interpreting or applying any law to a cr, The absence of enforcement actions reflects the absence of regulation

Travel Rule

Adopted — Threshold: Implemented

Tax Reporting

Trading: If an individual regularly and systematically trades cryptocurrency with the intention of making a profit, these activities could be considered a "business" or "trade." Profits derived from such activities would be taxable as business income.. Mining: Income generated from cryptocurrency mining activities, especially if conducted on a commercial or continuous basis, would likely be considered business income.. Received as Remuneration: If an individual receives cryptocurrency as payment for services rendered or as salary, the fair market value (FMV) of the cryptocurrency at the time of receipt would be taxable as employment income or business income, subject to standard individual income tax rates.. First G$90,000 per month (G$1,080,000 per year): Tax-exempt threshold.. Above the threshold up to G$210,000 per month (G$2,520,000 per year): 28%

Key Facts

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