The Guernsey Financial Services Commission has amended its virtual asset rules to allow regulated firms greater flexibility to serve retail customers and develop digital finance businesses. Effective Oct. 1, 2026, the changes implement part of the easing previously outlined under the Commission’s Digital Finance Initiative alongside its asset tokenisation guidance. Firms already licensed by the Commission will no longer need a separate virtual asset service provider licence in every case before undertaking virtual asset activity. The amendments also remove the blanket restriction on providing virtual asset services to retail customers and eliminate the environmental declaration required specifically of virtual asset service providers, aligning their sustainability reporting treatment with firms regulated under the Commission’s other laws.
2026-09-17Guernsey Financial Services Commission
Guernsey Financial Services Commission removes retail, duplicate licensing and reporting barriers for virtual asset firms
The Guernsey Financial Services Commission has eased its virtual asset rules by removing the blanket retail customer restriction and the requirement for existing licensees to obtain a separate virtual asset service provider licence in every case. From Oct. 1, 2026, virtual asset firms will also no longer face a sector-specific environmental reporting requirement.