Recent Offshore Regulatory Updates In The Fintech And Digital/Virtual Assets Sector

INTRODUCTION

Carey Olsen, recently ranked in the FinTech sector by Chambers & Partners across each of its Bermuda, British Virgin Islands (BVI), Cayman Islands and Jersey offices (with a number of notable practitioners), continues to be a leader in the Fintech and digital/virtual asset sector, advising clients on the most novel and innovative crypto and blockchain projects. From this vantage point we get to see new trends and market developments in real time and, with all of the recent high profile failures, it is perhaps no surprise to see an increase in regulation as the industry continues to mature. Governments and regulators across the globe are focused on introducing regulation which protects end users and consumers whilst at the same time promoting innovation. This is true for the jurisdictions in which Carey Olsen operates and in this update we highlight some of the regulatory developments across Bermuda, BVI, Cayman, Guernsey and Jersey.