BVI Regulatory Sandbox Launched To Support Innovative FinTec

BVI Regulatory Sandbox Launched To Support Innovative FinTech - Technology


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In August 2020, the Financial Services (Regulatory Sandbox)
Regulations 2020 (the "Regulations") came into force in
the British Virgin Islands (the "BVI") to launch a
regulatory sandbox (the "Regulatory Sandbox") designed to
support and facilitate innovation in the financial technology
sector and allow businesses to trial new products and services
which amount to "Innovative FinTech", for a limited
period, under the supervision of the BVI Financial Services
Commission (the "FSC"), without the need to apply for a
licence to conduct financial services business in the BVI.

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