The British Virgin Islands (BVI) has enacted
its long-awaited Virtual Asset Service Providers Act, 2022 (the
VASP Act). Having become a leading crypto and
virtual assets jurisdiction in the past few years, the VASP Act
demonstrates BVI's keen desire to keep hold of its
favoured position in the sector while also maintaining its
reputation as highly responsible international finance centre,
committed to complying with international standards on transparency
and fighting abuse and criminal conduct of all types.
Ogier's Virtual Asset Service Provider
(VASP) experts are best in class and ready to help
clients navigate the upcoming new regulatory landscape.
The VASP Act, which has yet to come into force, seeks to
introduce a well-balanced registration and supervisory framework
for Virtual Assets Service Providers. The VASP Act defines the
activities relating to virtual assets that require registration,
prescribes requirements for registration, details
