BVI VASP License
British Virgin Islands VASP license under the Virtual Assets Service Providers Act 2022 — offshore crypto exchange, custody, and transfer services.
— Last updated: 2025 · 4 min read
What is a BVI VASP License?
The BVI FSC issues VASP registrations and licenses under the Virtual Assets Service Providers Act 2022, effective 1 February 2023. The BVI is one of the world's premier offshore jurisdictions and has developed a dedicated VASP framework to accommodate crypto businesses within its well-established financial services ecosystem.
BVI VASP Activities
- •Virtual asset exchange (VA/VA and VA/Fiat)
- •Transfer services for virtual assets
- •Custody of virtual assets
- •Administration of virtual asset platforms
- •Safekeeping and administration
Why BVI for Crypto?
- ✓World's most established offshore jurisdiction
- ✓Separate VASP framework from the SIBA investment business regime
- ✓BVI FSC credibility
- ✓No corporate tax
- ✓English common law
- ✓Flexible corporate structures
Two Categories
Registration (for lower-risk activities) and License (for full-service VASPs including custody and exchange). Zitadelle AG advises on the appropriate category during initial consultation.
Frequently Asked Questions
No. The VASP Act 2022 is a separate legal framework from SIBA (Securities and Investment Business Act). The VASP Act specifically covers virtual asset services; SIBA covers traditional investment activities.
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Disclaimer: This page is for informational purposes only and does not constitute legal or regulatory advice. Requirements, timelines, and fees are subject to change. Always consult directly with the relevant regulatory authority or a qualified professional for the most current information. Zitadelle Advisory Group LTD is not a law firm and does not provide legal representation.