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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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