The guide provides the latest legal information on the evolution
of the blockchain market, the status and use of digital assets,
smart contracts, blockchain regulation, the tax regime for digital
assets, sustainability and ESG issues, and data privacy and
protection.
Blockchain Market and Business Model Overview
1.1 Evolution of the Blockchain Market
As one of the foremost offshore financial centres, the British
Virgin Islands (BVI) is recognised across the globe as the premier
jurisdiction for the registration of asset-holding companies. The
BVI is tax neutral, with no direct taxation on companies and a
nominal rate of income tax on individuals, which has made it an
attractive destination for technology entrepreneurs.
