What is British Virgin Islands's FATF status?

British Virgin Islands is classified by FATF as: fsrb_only.

Are VASPs licensed in British Virgin Islands?

Yes — licensing is required for VASPs.

What is the AML/KYC regime in British Virgin Islands?

KYC is mandatory for crypto businesses.

🇻🇬 British Virgin Islands

The British Virgin Islands maintains a crypto-friendly regulatory environment with clear licensing under the Virtual Asset Service Providers Act 2022. The Financial Services Commission acts as the single regulatory authority ensuring compliance with relevant legislation.

Overview

Status	crypto_friendly
Risk Score	20/100 (Low Risk)
Region	caribbean
Currency	USD

Tax Information

Capital Gains (Personal)	0% (no income or capital gains tax)
Capital Gains (Corporate)	0% (no corporate tax)
VAT on Crypto	No

Licensing & Registration

Required	Yes
Regulator	BVI FSC
Framework	Virtual Asset Service Providers Act 2022
Ease	medium
Cost (USD)	$15,000 - $150,000

Licensing is required under the Virtual Asset Service Providers Act 2022, with a medium level of difficulty to obtain.

Enforcement Activity

Level: Moderate

BVI FSC has enforced registration requirements and taken actions against non-compliant entities.

AML / KYC

KYC Required	Yes
Travel Rule	Yes
FATF Member	No
FATF Status	fsrb_only
FATF Body	CFATF
Suspicious-Activity Reporting	Yes

DeFi, Stablecoins & NFTs

Status: unregulated

DeFi activities are currently unregulated but not restricted or banned in the British Virgin Islands.

Stablecoins

Status: no_rules

There are no specific regulatory rules for stablecoins in the British Virgin Islands at this time.

NFTs

Status: no_rules

No NFT-specific regulation.

Mining

Legal	Yes
Electricity Cost	$0.3/kWh
Renewable Energy	10%
Infrastructure	fair

Mining is legal but electricity costs are relatively high compared to global averages. Infrastructure is fair with moderate internet and data center facilities.

Geopolitical Risk

Stability	stable
Sanctions	No
Corruption Index	65/100
Banking Access	moderate

Risk Factors

hurricane risk
small market size

The British Virgin Islands is politically stable with no international sanctions. It has moderate corruption and an easy business environment, though banking access for crypto companies is moderate. Natural disaster risk from hurricanes is a notable factor.