British Virgin Islands
The British Virgin Islands is continuing its push into the financial technology (Fintech) space as a means of ensuring that it is not left behind as technology moves forward. At its recent Digital ...
Appleby acted as BVI legal advisers to iFinex on the private token sale of LEO tokens, which commenced on 8 May 2019. iFinex's Chief Technology Officer
With flexible and commercially minded legislation, an innovative approach to anti-money laundering (AML) compliance, political stability and an internationally recognised securities regulatory regime.
Partners Oliver Bell and Lucy Frew, along with senior counsel Lisa Penn-Lettsome and associate Jude Hodge have provided legal commentary on the key issues and developments in FinTech.
The tokens may also be
exchanged for other well-known cryptocurrencies such as bitcoin or
Such is the level of interest that earlier this year, Killourhy (pictured) noted in a briefing that the BVI was keen to investigate a role in this new capital raising phenomena.
Changes to the British Virgin Islands' Anti-Money Laundering and Terrorist Financing Code of Practice, 2008 (the Code) will permit entities in the BVI to use digital verification of identities