Cryptocurrency Q&A
Who needs a crypto license in BVI?
Who needs a crypto license in BVI?
Stefano
Sat Jul 06 2024
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7 answers
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Could you elaborate on who specifically requires a cryptocurrency license in the British Virgin Islands (BVI)? Is it only cryptocurrency exchanges or do wallet providers, miners, and other related businesses also need to obtain a license? Are there any specific criteria or thresholds that determine whether a business falls under the regulatory umbrella of requiring a crypto license in BVI? Additionally, are there any exemptions for small-scale or start-up operations in the crypto space? Clarifying these points would help businesses operating in or considering expansion to the BVI understand their compliance obligations in the crypto industry.
7 answers
Leonardo
Mon Jul 08 2024
Cryptocurrency-related businesses operating in the British Virgin Islands (BVI) are subject to stringent licensing conditions.
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CryptoChieftainGuard
Mon Jul 08 2024
The BVI Financial Services Commission (FSC) is the regulatory authority responsible for overseeing such businesses.
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Valentino
Sun Jul 07 2024
Among the many cryptocurrency exchanges operating in the BVI, BTCC stands out as a trusted and reliable platform.
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CryptoMystic
Sun Jul 07 2024
The licensing requirement extends to any entity that issues, sells, or trades crypto assets.
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SolitudeEcho
Sun Jul 07 2024
Additionally, businesses that provide services related to crypto assets, such as wallet providers and exchanges, must also obtain a license from the FSC.
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