Pitcairn

The regulatory status of cryptocurrency in the Pitcairn Islands is characterized by a lack of specific legislation combined with a cautious, if not hostile, policy stance toward institutional adoption. As a British Overseas Territory with a tiny population, Pitcairn does not have a standalone financial services regulator. Instead, legislative power rests with the Governor, and financial administration is handled by the Government Treasury. There are no laws explicitly banning the retail trading or holding of cryptocurrencies, placing the activity in an 'Allowed-UnRegulated' category for individual residents.

Despite the absence of a ban on individuals, the Government of Pitcairn has taken a firm stance against integrating cryptocurrency into its official economy. In a notable event reported in late 2025 (referencing earlier discussions from 2020), the Governor intervened to reject a proposal by Justin Sun and the TRON network to establish a cryptocurrency hub on the island. The Governor's directive stated that 'TRON will not be permitted to establish bitcoin/crypto currency,' effectively closing the door to local licensing or legal tender status. This decision highlights that while personal use is not criminalized, the territory refuses to sanction or regulate the industry formally.

Practically, residents of Pitcairn (numbering fewer than 50) access the global financial system primarily through the New Zealand banking system, as the New Zealand Dollar is the official currency. Consequently, any crypto-related transactions would likely be subject to the AML/CFT controls of New Zealand banks rather than local ordinances. The recent availability of Starlink has improved internet connectivity, making retail trading technically feasible for residents despite the island's extreme isolation.

In summary, Pitcairn remains a jurisdiction where crypto is legally tolerated by omission but politically discouraged at an institutional level. There is no 'Virtual Asset Service Provider' (VASP) regime, and no licenses are available. The territory's approach is to rely on the UK and NZ for financial security standards while maintaining a traditional fiat-based local economy.