2026-05-29
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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.
This release has been issued by the Turks and Caicos Islands Financial Services Commission. T: 649 946-5314 E: CRobinson@TCIFSC.tc W:www.tcifsc.tc PUBLIC ADVISORY REMINDER: HAVE YOUR SAY ON THE PROPOSED VIRTUAL ASSETS BUSINESS BILL PROVIDENCIALES, Turks and Caicos Islands; Wednesday, 27th May, 2026 - The TCI Financial Services Commission reminds the public and industry stakeholders that the consultation on the proposed Virtual Assets Business Bill, 2026 is open. We invite you to review the draft Bill and consultation paper and submit your feedback by 8 June 2026. Why your input matters The Bill would establish licensing, supervision, AML/CFT/CPF measures, prudential rules for stablecoins, ICT and cyber resilience requirements, sanctions and enforcement powers, and a regulatory sandbox. Your contributions will help shape a balanced framework that protects consumers, mitigates financial crime risks, and supports responsible innovation. How to submit feedback