A Practical BVI Guide To Crypto, Tokens And VASPs (Video)

Conyers is a leading international law firm with a broad client base including FTSE 100 and Fortune 500 companies, international finance houses and asset managers. The firm advises on Bermuda, British Virgin Islands and Cayman Islands laws, from offices in those jurisdictions and in the key financial centres of Hong Kong, London and Singapore. We also provide a wide range of corporate, trust, compliance, governance and accounting and management services.

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In this second of our monthly webinar series, Counsel and Head of London Office Eric Flaye joins BVI Counsel Nicholas Kuria to focus on fintech. Together they provide a practical overview...

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Eric Flaye and Nicholas Kuria

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BVI Webinar Series: Key Developments Affecting BVI Companies

Session 2: A Practical BVI Guide to Crypto, Tokens and VASPs

In this second of our monthly webinar series, Counsel and Head of London Office Eric Flaye joins BVI Counsel Nicholas Kuria to focus on fintech. Together they provide a practical overview of cryptocurrency and tokens in the British Virgin Islands and discuss the impending Virtual Asset Services Providers Act, 2022.

Key topics include:

current laws and regulations in BVI re: cryptocurrency, tokens and related activities;
imminent AML changes impacting BVI Virtual Asset Service Providers; and
an overview of the new VASP Act (Virtual Asset Services Providers Act, 2022)
- definitions
- exclusions
- requirements
- penalties for non-compliance

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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