The Financial Services Authority (FSA) of Saint Vincent and the Grenadines hereby gives notice that, pursuant to the Virtual Assets Business Act 2022 (the “Act”), any person or entity conducting virtual asset business within or from Saint Vincent and the Grenadines is required to be registered with the FSA.
Pursuant to the Act, “virtual asset business” means the business of carrying out one or more of the following activities or operations for or on behalf of another person:
- Exchanging virtual assets for fiat currency;
- Exchanging one or more forms of virtual assets;
- Transferring virtual assets;
- Safekeeping or administering virtual assets or instruments enabling control over virtual assets;
- Participating in and providing financial services related to an issuer’s offer or sale of a virtual asset.
Any person or entity engaging in virtual asset business without being registered under the Act commits an offence and may be subject to enforcement action, including administrative penalties and / or other legal sanctions.
Persons and entities engaged in, or intending to engage in, virtual asset business is advised to submit an application for registration in accordance with the provisions of the Act.
For further information, please contact:
THE FINANCIAL SERVICES AUTHORITY AT
- Phone: +1 (784) 456-2577
- Email: info@svgfsa.com
- Website: https://fsasvg.com