On 13 July 2020, guidance was issued providing clarity and
confirmation to the treatment of virtual assets.
On 13 July 2020, the Financial Services Commission (the
"FSC") of the British Virgin Islands (the
"BVI") issued welcome guidance1 on the
regulation of virtual assets in the BVI (the
"Guidance"). The Guidance provides clarity and
confirmation to the treatment of virtual assets and virtual
asset-related activities, enabling virtual assets to be issued,
held and traded with more certainty to their treatment under BVI
law.
Certain types of virtual asset-related activity could constitute
regulated investment business, which must be duly licensed in the
BVI to be carried out.
