Many crypto-asset service providers will soon be required to start collecting detailed information about customers and transactions and report to their national tax authorities annually.
Such businesses must obtain a...more
Regulatory compliance for digital assets can vary across jurisdictions, affecting licensing, product launch speed and the viability of certain business models.
Product classification is critical; digital assets,...more
8/22/2025
/ Anti-Money Laundering ,
Blockchain ,
Cross-Border Transactions ,
Cryptoassets ,
Digital Assets ,
FinTech ,
Jurisdiction ,
Popular ,
Regulatory Oversight ,
Regulatory Requirements ,
Stablecoins
Approaches and developments -
The government of the British Virgin Islands (“BVI”) and the BVI Financial Services Commission (“FSC”) – the principal financial services regulator – have progressed important initiatives in...more
9/13/2023
/ AML/CFT ,
Blockchain ,
British Virgin Islands ,
Cross-Border Transactions ,
Cryptocurrency ,
Digital Assets ,
Financial Services Industry ,
FinTech ,
FSMA ,
Insuretech Sector ,
Non-Fungible Tokens (NFTs) ,
Peer-to-Peer ,
Popular ,
RegTech ,
SIBA
Approaches and developments -
The Cayman Islands has long been a leading offshore jurisdiction for investment funds, as well as a significant global financial centre overall. It is therefore not surprising that, reflecting...more
9/13/2023
/ AML/CFT ,
Cayman Islands ,
CIMA ,
Cross-Border Transactions ,
Customer Due Diligence (CDD) ,
Data Protection ,
Digital Assets ,
Economic Substance Doctrine ,
Enforcement ,
FATF ,
Financial Reporting ,
FinTech ,
Intellectual Property Protection ,
Investment Funds ,
Know Your Customers ,
Offshore Companies
The EU has announced it is has added the British Virgin Islands (BVI) to its list of non-cooperative jurisdictions for tax purposes. The BVI Government has since issued a statement highlighting that it has already introduced...more