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ARTICLE · 08 NOVEMBER 2023

A Guide To Blockchain And Cryptocurrency Regulation 2024: British Virgin Islands (GLI Chapter)

Carey Olsen
Carey Olsen
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Chris Duncan and Katrina Lindsay have authored the British Virgin Islands (BVI) chapter of Global Legal Insight's sixth edition guide to blockchain and cryptocurrency regulation.

British Virgin IslandsTechnology
Chris Duncan
Chris Duncan
Katrina Lindsay
Katrina Lindsay
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Chris Duncan and Katrina Lindsay have authored the British Virgin Islands (BVI) chapter of Global Legal Insight's sixth edition guide to blockchain and cryptocurrency regulation. The chapter covers the BVI legal requirements relating to cryptocurrency and blockchain, including government attitude and definition, taxation, money transmission laws and AML requirements, mining and licensing requirements.

GOVERNMENT ATTITUDE AND DEFINITION

The BVI has established itself as a leading offshore finance centre that is resilient, agile and innovative in the face of regulatory changes, economic challenges and natural disasters. Companies, institutions and individuals, including those operating in the cryptocurrency, blockchain technology and Web3 space, use BVI vehicles to support their international business activities in order to benefit from the familiarity and stability of the BVI's English common law-based legal system, tax-neutral treatment and business- friendly

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