The Turks and Caicos Islands Financial Services Commission has reminded the public and industry stakeholders that consultation remains open on the proposed Virtual Assets Business Bill, 2026, with feedback due by 8 June 2026. The proposed bill would establish a regulatory framework for virtual assets businesses covering licensing and supervision, anti-money laundering, counter-terrorist financing and counter-proliferation financing measures, prudential rules for stablecoins, ICT and cyber resilience requirements, sanctions and enforcement powers, and a regulatory sandbox. The commission invited stakeholders to review the draft bill and consultation paper before the deadline. The reminder indicates that the consultation is still active and that comments will inform the final shape of the proposed framework.
Turks & Caicos Financial Services Commission2026-05-27
Turks and Caicos Islands Financial Services Commission reminds stakeholders of virtual assets bill consultation closing 8 June 2026
The Turks and Caicos Islands Financial Services Commission is consulting on a proposed Virtual Assets Business Bill, 2026, which would establish a comprehensive regulatory framework for virtual asset businesses. The draft bill covers licensing and supervision, anti-money laundering, counter-terrorist and counter-proliferation financing measures, prudential rules for stablecoins, ICT and cyber resilience, sanctions and enforcement powers, and a regulatory sandbox.