Update
BVI issues guidance on regulation of virtual assets
22 July 2020
The British Virgin Islands Financial Services Commission issued guidance on 13 July 2020 clarifying the application of the existing regulatory framework to virtual assets. A six-month transition period is provided for virtual asset related entities to become compliant with the applicable legislation, should they need to do so.
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Mourant is a law firm-led, professional services business with over 60 years' experience in the financial services sector. We advise on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg and provide specialist entity management, governance, regulatory and consulting services.
