On 17th September 2018, the Financial Services Commission (FSC) issued a Guidance Note on the ‘Recognition of Digital Assets as an asset-class for investment by Sophisticated and Expert Investors’.

The FSC stated that it is highly supportive of Fintech-related initiatives and that the abovementioned Guidance Note is the first of a Fintech Series that the institution will be issuing in view to clarify its position regarding investment in Digital Assets, including Cryptocurrencies, to its licensees and stakeholders.

The FSC’s Guidance Note can be accessed here