What are the requirements for obtaining a license from the British Virgin Islands Financial Services Commission to operate a cryptocurrency exchange?

1 answers

• Feb 17, 2022 · 3 years ago
  To operate a cryptocurrency exchange in the British Virgin Islands, a license from the British Virgin Islands Financial Services Commission (BVIFSC) is required. The BVIFSC has specific requirements that need to be fulfilled in order to obtain the license. These include being a registered company in the British Virgin Islands with a physical presence on the island. The applicant must also have a robust anti-money laundering (AML) and know your customer (KYC) program in place. Adequate financial resources and a detailed business plan are also necessary. Additionally, the applicant must have competent management and staff with experience in operating a cryptocurrency exchange. Fulfilling these requirements will increase the chances of obtaining a license from the BVIFSC.
  779390