British Virgin Island’s Regulatory Sandbox and Fintech Innovation - PowerPoint PPT Presentation

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British Virgin Island’s Regulatory Sandbox and Fintech Innovation

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CCP Financial Consultants Limited is a BVI based, multidisciplinary financial services firm dedicated to providing premium financial solutions to clients around the world. – PowerPoint PPT presentation

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Title: British Virgin Island’s Regulatory Sandbox and Fintech Innovation


1
Presented by
  • CCP financial consultants limited

2
British Virgin Islands Regulatory Sandbox and
Fintech Innovation
What is the British Virgin Island Financial
Services Commission?
The 2001 British Virgin Island (BVI) Financial
Services Commission Act established the BVI
Financial Services Commission. The commission
independently regulates, inspects, and supervises
all of the territorys financial services
(trustee business, banking, mutual funds
establishments, company management, company
registrations, intellectual property, limited
partnerships, etc.).
3
What is a Regulatory Sandbox?
A regulatory sandbox is a business concept that
allows firms to assess business models, new
ideas, and pioneering services, all within a set
of supervised prerequisites and under appropriate
precautions.
BVIs Financial Services Regulatory Sandbox
Approved participants would have eighteen months
(and perhaps an extension) to perform unlicensed
BVI financial services business. Such would
establish a more effective, pro-market business
environment that remained regulated.
4
Recent Happenings
BVIs role in the Digital Market
BVI is focused on the digital assets market and
is a choice jurisdiction for token generation
through Initial Coin Offerings. It remains
committed to the territorys establishment as the
top digital International financial hub.
In April 2021, the BVI Financial Services
Commission approved a global bank that was linked
to a leading worldwide crypto exchange as the
first partaker into the Regulatory Sandbox.
CCP Financial Consultants Limited
CCP Financial Consultants Limited is a BVI based,
multidisciplinary financial services firm
dedicated to providing premium financial
solutions to clients around the world. Its
services include Company Incorporation and
Management, Ship Registration, Liquidations,
Accountancy, Economic Substance, and assistance
with the opening of bank accounts.
5
Contact us
CCP financial consultants limited E-mail
mail_at_ccpbvi.com Website ccpbvi.com
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