FinTech-related changes - BVI Financing and Money Services Act
19 March 2019
The Financing and Money Services Act, 2009 has been amended to include a licensing regime applicable to the peer-to-peer (P2P) FinTech market, peer-to-business (P2B) and business-to-business (B2B) markets, assisting with the growth of the FinTech industry in the BVI. The recent changes are key for BVI companies carrying out financing and money services businesses anywhere in the world, including those dealing with virtual currencies and operating crypto exchanges.
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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.
