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Africa-Indian Ocean
Seychelles
Seychelles has introduced a Virtual Asset Service Providers Act establishing FSA licensing for VASP activity, with widely-used corporate vehicles supporting cross-border structuring.
regulatory maturity
Developing
market positioning
Offshore Structuring
advisory suitability
Moderate
institutional readiness
Selective
A · Regulatory Scope
Scope, licensing and operational frame.
Scope of Regulation
The Virtual Asset Service Providers Act establishes FSA licensing for VASP activity.
Who requires a licence
Exchanges, custodians, brokers and certain advisors operating from Seychelles.
Restricted activities
Unlicensed VASP activity; non-permitted services.
Permitted activities
Licensed VASP activity under defined classes.
Practical & advisory implications
Substance, governance and AML/CFT requirements align with FATF standards.
B · Regulatory Timeline
Evolution at a glance.
2024
VASP Act enacted.
2025
Licensing operational under FSA.
C · News & Updates
Recent regulatory signals.
News2026-01-12
FSA publishes VASP licensing application guidance
D · Mercury Advisory View
"Seychelles offers viable structuring pathways with growing supervisory maturity."
Mercury Regulatory Intelligence
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