Regulatory Alerts2026-05-29
Added · Updated
Proposed Virtual Assets Business Bill, 2026 Public Consultation
The Turks and Caicos Islands Financial Services Commission is soliciting public and industry feedback on the Proposed Virtual Assets Business Bill, 2026. The draft legislation would establish a comprehensive regulatory framework encompassing licensing, supervision, AML/CFT/CPF measures, stablecoin prudential rules, cyber resilience standards, and a regulatory sandbox. Stakeholders must submit their written comments by 8 June 2026 to help shape a balanced regime that mitigates financial crime risks while fostering responsible innovation.