Contact

Rachael McDonald

Rachael McDonald

BVI
Partner

Danielle Roman

Danielle Roman

Hong Kong
Partner

Sara Galletly

Sara Galletly

London
Counsel

Saraid Taylor

Saraid Taylor

BVI
Senior Associate

FinTech-related changes - BVI Financing and Money Services Act

[Dynamic date]

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.