20/05/24

Emergence Of The BVI As A Global Digital Assets Hub

“Virtual assets have many potential benefits and dangers. They have the scope to make payments easier, faster, and cheaper, and provide alternative methods for those without access to regular financial products. However, they are largely unregulated, have the potential to become worthless and are vulnerable to cyberattacks and scams. Without proper regulation, virtual assets also risk becoming a safe haven for the financial transactions of criminals and terrorists.” - Financial Action Task Force (FATF).

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