Understanding The Fintech Landscape In The British Virgin Islands

Key takeaways

• The BVI is a preferred international jurisdiction for fintech businesses as it is a well-established investment centre with a comprehensive, commercial virtual assets regime, which provides businesses with legal certainty.

• Fintech businesses looking to establish in the BVI should consider whether they need to apply to the BVI FSC for a licence or registration under the VASP Act, the SIBA or FMSA.

• The BVI's AML/CTF/CPF laws and regulations and the BVI's sanctions regime apply to fintech businesses in the BVI.

Fintech businesses established in the BVI benefit from the jurisdiction's established legal framework, including its virtual assets regime and robust regulatory standards.