Legal & Regulation

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The BVI continues to innovate with its new Private Investment Fund (PIF) regime

The BVI continues to innovate with its new Private Investment Fund (PIF) regime

By Jeffrey Kirk and Simon Gray – Ever innovative and commercially minded, the British Virgin Islands (BVI) has recently introduced a new regulatory regime for private equity, venture capital and other closed-ended funds – adding to its already well established, cost effective and popular stable of incubator funds and approved funds.  

CRYPTOCURRENCY

FCA crypto ban is a setback for the UK in race to lead growing digital assets marketplace, says GDF

FCA crypto ban is a setback for the UK in race to lead growing digital assets marketplace, says GDF

The Financial Conduct Authority’s (FCA) recent decision to ban the sale of derivatives and exchange traded notes (ETNs) linked to cryptoassets to retail customers is a huge setback for the UK in maintaining its dominant position as a global fintech hub. The FCA’s decision has left many in the cryptoasset sector questioning the regulator’s willingness to collaborate with them and listen to the views of key market participants.