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ARTICLE · 05 DECEMBER 2022

A Practical BVI Guide To Crypto, Tokens And VASPs (Video)

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In this second of our monthly webinar series, Counsel and Head of London Office Eric Flaye joins BVI Counsel Nicholas Kuria to focus on fintech. Together they provide a practical overview...

United KingdomTechnology
Eric Flaye
Eric Flaye
Nicholas Kuria
Nicholas Kuria
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BVI Webinar Series: Key Developments Affecting BVI Companies

Session 2: A Practical BVI Guide to Crypto, Tokens and VASPs

In this second of our monthly webinar series, Counsel and Head of London Office Eric Flaye joins BVI Counsel Nicholas Kuria to focus on fintech. Together they provide a practical overview of cryptocurrency and tokens in the British Virgin Islands and discuss the impending Virtual Asset Services Providers Act, 2022.

Key topics include:

  • current laws and regulations in BVI re: cryptocurrency, tokens and related activities;
  • imminent AML changes impacting BVI Virtual Asset Service Providers; and
  • an overview of the new VASP Act (Virtual Asset Services Providers Act, 2022)
    • definitions
    • exclusions
    • requirements
    • penalties for non-compliance

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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