The Guernsey Financial Services Commission has amended its virtual asset rules to remove barriers to retail services and simplify licensing for firms expanding into digital finance. Effective Oct. 1, 2026, the changes eliminate the blanket restriction on virtual asset service providers serving retail customers and remove the requirement for an existing Commission licensee to obtain a separate virtual asset service provider licence in every case involving virtual asset activity. The amendments also end the sector-specific environmental reporting requirement for virtual asset service providers, aligning their treatment with firms governed by the Commission’s other regulatory laws. The measures form part of the Digital Finance Initiative, alongside published tokenisation guidance and continuing work on stablecoins, digital custody and technology supporting anti-financial crime compliance.
2026-09-17Guernsey Financial Services Commission
Guernsey Financial Services Commission removes retail access, duplicate licensing and reporting barriers for virtual asset firms
The Guernsey Financial Services Commission has eased virtual asset rules by removing the blanket retail customer restriction and the need for existing licensees to obtain a separate virtual asset service provider licence in every case. From Oct. 1, 2026, it will also remove the sector-specific environmental reporting requirement for virtual asset providers.