The Turks and Caicos Islands Financial Services Commission updated regional regulators on its development of a virtual assets legislative framework. It called for greater Caribbean coordination on supervision, enforcement, financial crime risks and investor protection.
Policy & regulationOtherCross-border cooperationAML and CFTStablecoins
The Turks and Caicos Islands Financial Services Commission provided an update on the jurisdiction’s development of a virtual assets legislative framework during a regional regulatory forum hosted by the Trinidad and Tobago Securities and Exchange Commission. It emphasized cooperation, information sharing and capacity building to support more harmonized supervision and enforcement across Caribbean jurisdictions.
The discussion covered cross-border risks, anti-money laundering and counterterrorist financing expectations, evolving Financial Action Task Force guidance, stablecoins, investor protection and market integrity. Participants also considered how smaller financial markets can align domestic frameworks with international standards while reflecting regional conditions.
The Turks and Caicos Islands Financial Services Commission said its 22 to 25 June 2026 virtual assets workshop was used to prepare public and private sector participants for the proposed Virtual Assets Business Bill 2026. Training covered blockchain, DeFi, Web3, cybersecurity and the Travel Rule, with a strong focus on AML/CFT controls, due…
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…
The Turks and Caicos Islands Financial Services Commission has launched a public consultation on a proposed Virtual Assets Business Bill, 2026, establishing a licensing, supervisory, prudential and enforcement framework for virtual asset service providers, stablecoin issuers and related activities. The draft regime addresses authorization…