The Seychelles Virtual Asset Service Providers Act 2024 creates a comprehensive licensing and supervision framework for VASPs, including rules for initial coin/token offerings, NFTs, custody, cybersecurity, advertising and ongoing compliance. It provides the Seychelles Financial Services Authority (FSA) with inspection, enforcement and sanction powers.
Seychelles
Regulated
Seychelles has enacted a comprehensive VASP licensing framework under the Virtual Asset Service Providers Act 2024.
1
Total Laws (incl. applicable EU-wide)
0
Effective Laws
At a Glance
Is holding crypto allowed?
Unclear
Is crypto trading allowed?
Unclear
Is P2P trading allowed?
Unclear
Are crypto payments allowed?
Unclear
Is crypto legal tender?
Unclear
Is mining allowed?
Unclear
Is staking allowed?
Unclear
Is DeFi participation allowed?
Unclear
Are stablecoins allowed or regulated?
Unclear
Activity Status Matrix
| Activity | Status | Details |
|---|---|---|
| Holding Crypto | — | Is holding crypto allowed? |
| Crypto Trading | — | Is crypto trading allowed? |
| P2P Trading | — | Is P2P trading allowed? |
| Crypto Payments | — | Are crypto payments allowed? |
| Legal Tender | — | Is crypto legal tender? |
| Mining | — | Is mining allowed? |
| Staking | — | Is staking allowed? |
| DeFi | — | Is DeFi participation allowed? |
| Stablecoins | — | Are stablecoins allowed or regulated? |
| NFTs | — | Are NFTs allowed or regulated? |
| Token Launches | — | Are token launches allowed? |
| Crypto Advertising | — | Is crypto advertising allowed? |
| Banking Access | — | Do crypto businesses have banking access? |
Tax Information
Verified tax information is not currently available.
