Regulatory Alerts2026-05-11
Added · Updated
TCI Financial Services Commission Invites Public Feedback on Proposed Virtual Assets Business Bill
The Turks and Caicos Islands Financial Services Commission (TCI FSC) has launched a public consultation on its proposed Virtual Assets Business Bill, 2026, to gather stakeholder input before Cabinet submission. The legislation establishes a comprehensive regulatory framework for virtual asset service providers and stablecoin issuers, mandating licensing, prudential reserve requirements, anti-money laundering compliance, and cyber resilience standards aligned with international guidelines. Written submissions must be received by 8 June 2026 via email or physical delivery, with responses potentially published by the regulator to inform final legislative drafting.