Country overview

#101

American Samoa

Country stats

Rating Points

110

This indicator describes the overall rating of a given jurisdiction on several parameters according to cryptocurrency operations - market volume, crypto regulation, business climate, taxation framework.

Crypto Penetration

Estimated percentage of crypto users out of the country's total population based on public data.

Legal Entities

Number of crypto companies registered in the country based on regulator data if available or other types of public data.

Regulation Points

An overall assessment of the granularity of crypto regulation in a given country. A high score is also given to countries where cryptocurrency transactions are highly regulated.

Amount of crypto users

450

Total amount of crypto users out of the country's total population based on public data.

Taxation points

This figure, according to our analysts' calculations, indicates the overall level of tax burden for cryptocurrency transactions in a given country. The higher the indicator, the lower the burden.

Market volume points

A rough estimate of this jurisdiction's retail crypto market relative to the rest of the world. The higher the indicator, the higher the market potential.

Status of crypto

Legally allowed

General status of cryptocurrency regulation in this jurisdiction.

Crypto payments

Legally allowed

The legal status of cryptocurrency payments for goods and services in a given country based on information from regulators, public data and feedback from our community.

Security Level

Minor danger

The overall level of security in a given country based on open data.

Crypto Salaries

No info

The legal status of cryptocurrency salaries to employers in a given country based on information from regulators, public data and feedback from our community.

Business Climate

No info

Overall assessment of the friendliness of this country for crypto-business. This indicator takes into account the cost of obtaining a license and the attitude towards crypto entities in the country.

Stablecoin Regulation

No info

This indicator is evaluating the regulation of stablecoins in a given country. Complex regulation means that it is possible to issue steiblcoins and obtain a license for this activity. Basic regulation means that the issuance of stablecoins is possible, but not all legal aspects are defined in the law. Standard regulation means that there is a legal practice of steylcoin circulation in a given country.

Bad Factors

This section describes the unfavorable economic factors for crypto-business in a given country. These are countries that are under sanctions or on the FATF grey list and other factors.

Types of licenses

Crypto-to-crypto

This license type allows VASP to provide legal exchange from one cryptocurrency to another.

Crypto-to-fiat

This type of license regulates the exchange from cryptocurrency to fiat.

Wallet/Custody

This country has a legal licensing procedure for companies that store cryptocurrency - - crypto wallet providers and custodians.

Good

Medium

Bad

intro

This is general info about crypto regulation in American Samoa. A more precise overview will be published later. However, if you find any inaccuracy or have other feedback - please write us in telegram @ilya_ii or by e-mail - editor@cryptopenetration.com

American Samoa is an unincorporated territory of the United States located in the South Pacific Ocean. The territory area is 200 km2 and the population is 45,000 people by Wikipedia (1).

Citizens of many European countries can enter American Samoa without an EPWP tourist visa. This program prohibits you from obtaining a job, studying at a local educational institution, or applying for a permanent residence permit according to American Samoa Travel (2)

If an immigrant wishes to establish residency in the Territory, they are required to go through an application process based on one of two categories: a family-based petition or an employment-based petition based on the Department of Legal Affairs (3)

In American Samoa, no concept of legal immigration converts an alien to a national (or a citizen.) There are no ceilings on immigration (as the Mainland has) because there is no immigration. There is no naturalization process by the Center for Immigration Studies (4).

Security level

American Samoa has a minor danger security level according to our rating. The homicide level (5) is 0 per 100,000 inhabitants a year.

Crypto Payments

American Samoa is an unincorporated territory of the United States and probably it has similar crypto regulation as mainland in the field of crypto payments.

Crypto Salaries

American Samoa is an unincorporated territory of the United States and probably it has similar crypto regulation as mainland in the field of crypto payroll.

Legal

Based on Samoa News (6) American Samoa has adopted a Money Service Business Act in 2018. We haven't find any details, but in the mainland USA crypto providers are regulated as Money Service Businessed. So probably there is the same legal approach to crypto in the US and American Samoa.

Taxation

Corporate income tax is 34% according to Tax Foundation (7). American Samoa does not use a state withholding form because there is no personal income tax in American Samoa under PayCheckCity (8).

Links

1)👉🏻American Samoa. Wikipedia

2)👉🏻Visa in American Samoa

3)👉🏻American Samoa Entry Permit Requirements

4)👉🏻Citizenship in American Samoa

5)👉🏻List of countries by intentional homicide rate

6)👉🏻Money service businesses operate locally... Samoa News

7)👉🏻Personal Income Tax in American Samoa

8)👉🏻American Samoa Payroll PayCheckCity

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intro

American Samoa is an unincorporated territory of the United States located in the South Pacific Ocean. The territory area is 200 km2 and the population is 45,000 people by Wikipedia (1).

Security level

American Samoa has a minor danger security level according to our rating. The homicide level (5) is 0 per 100,000 inhabitants a year.

Crypto Payments

American Samoa is an unincorporated territory of the United States and probably it has similar crypto regulation as mainland in the field of crypto payments.

Crypto Salaries

American Samoa is an unincorporated territory of the United States and probably it has similar crypto regulation as mainland in the field of crypto payroll.

Legal

Taxation

Corporate income tax is 34% according to Tax Foundation (7). American Samoa does not use a state withholding form because there is no personal income tax in American Samoa under PayCheckCity (8).

Links

1)👉🏻American Samoa. Wikipedia

2)👉🏻Visa in American Samoa

3)👉🏻American Samoa Entry Permit Requirements

4)👉🏻Citizenship in American Samoa

5)👉🏻List of countries by intentional homicide rate

6)👉🏻Money service businesses operate locally... Samoa News

7)👉🏻Personal Income Tax in American Samoa

8)👉🏻American Samoa Payroll PayCheckCity