Crypto & Digital Assets - Barbados

Cryptocurrency is legal to hold, trade, and use in Barbados. There is no blanket ban or restriction, though no dedicated digital-assets statute is yet in force.

The FSC opened a public consultation on a regulatory framework for virtual assets and VASPs with a submission deadline of 23 February 2026, signalling imminent bespoke legislation.

The CBB and FSC jointly operate a Regulatory Sandbox for fintech products. Bitt Digital Inc. became the first participant to exit the sandbox and was identified as a candidate for regulation under draft legislation.

Barbados signed the OECD Multilateral Competent Authority Agreement on CARF on 26 November 2024, committing to automatic exchange of crypto-asset reporting information with first exchanges scheduled for 2028.

Absent bespoke crypto legislation, crypto businesses currently fall under the FSC's AML/CFT Guidelines (revised October 2021), incorporating FATF recommendations on virtual assets and VASPs.

Barbados levies no capital gains tax on any asset class; gains from crypto disposals are therefore not subject to a dedicated CGT, though specific income-tax guidance on crypto earnings remains absent.