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Caribbean
British Virgin Islands
The BVI offers structured VASP regulation under the Financial Services Commission, paired with widely-used corporate and fund vehicles.
regulatory maturity
Developing-Mature
market positioning
Structuring Vehicle
advisory suitability
High
institutional readiness
Selective
A · Regulatory Scope
Scope, licensing and operational frame.
Scope of Regulation
The Virtual Assets Service Providers Act governs VASP registration under the BVI FSC.
Who requires a licence
VASPs operating from the BVI, including exchanges, custodians and certain advisory firms.
Restricted activities
Unregistered VASP activity.
Permitted activities
Registered VASP activity under defined classes.
Practical & advisory implications
Substance, AML/CFT and governance expectations align with FATF standards.
B · Regulatory Timeline
Evolution at a glance.
2020
Initial guidance on virtual assets published.
2022
VASP Act enacted.
2024
Tokenisation frameworks expand.
C · News & Updates
Recent regulatory signals.
News2026-01-16
FSC updates VASP registration framework
Circular2025-12-10
Clarification on tokenised fund structures
D · Mercury Advisory View
"BVI is structurally efficient for digital asset corporate and fund structuring."
Mercury Regulatory Intelligence
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