Arab Press

بالشعب و للشعب
Friday, Jun 21, 2024

Financial services industry attracts more crypto investors

Financial services industry attracts more crypto investors

BVI Finance recently participated in the Dubai Fintech Summit 2023, where the organisation sought to attract more business in virtual assets and fintech industries.
Virtual assets are more popularly known as cryptocurrencies, while FinTech (financial technology) refers to technology that is used to support or enable banking and financial services.

According to BVI Finance, virtual assets and fintech are two areas that have grown significantly in recent years as the territory placed more focus on innovation, security, and regulatory compliance.

The BVI is also home to a number of virtual asset and fintech businesses, as well as a number of high-net-worth individuals who have chosen the BVI as their preferred jurisdiction for wealth management and asset protection.

That’s why the organisation used the Dubai Fintech Summit 2023 to promote the BVI as a viable jurisdiction for more business in these areas.

“Our participation in the Dubai Fintech Summit 2023 is an excellent opportunity to showcase the British Virgin Islands as a leading international finance centre for virtual assets and fintech,” said Elise Donovan, CEO of BVI Finance. “We’re excited to connect with industry leaders, particularly in the fintech space because it’s always evolving, and the BVI is committed to staying abreast of these changing trends.”

BVI Finance said they shared with stakeholders and financial services the benefits of virtual assets and doing business in the BVI.

They also showcased the territory’s robust regulatory framework, favourable tax environment, and experienced financial services industry professionals as key factors that make the jurisdiction attractive for businesses operating in the virtual assets and fintech space.

BVI Finance has the responsibility to promote the jurisdiction as a leading center for international business and finance. With one of the biggest financial services industries in the world, a recent report by UK-based research and consultancy firm, Pragmatix Advisory, found that investments mediated by BVI business companies support around 2.3 million jobs globally and generate an extra US$14 billion each year in taxes for governments worldwide.
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
United States Bans Kaspersky Antivirus
White House Cancels US-Israel Meeting Amid Netanyahu's Accusations
Muslim Community Leader Criticizes Nigel Farage for Undermining Muslims
Hezbollah Chief Threatens All of Israel Amidst Escalating Conflict
Canada Lists Iran's Revolutionary Guards as Terrorist Group
Iran Sentences Nobel Laureate Narges Mohammadi to 1-Year Prison Term for Propaganda
Japan Considers Sanctions on UAE-Based Entities for Aiding Russia
Israel Rescues Four Hostages from Gaza
Iran Approves Six Candidates for Presidential Election After Raisi's Death
Israeli Commander Resigns After Hamas' October 7 Attack
Israeli War Cabinet Minister Benny Gantz Resigns Over Gaza Strategy
UN to Add Israel to Human Rights Blacklist
Labour Party to Pledge Recognition of Palestinian State in Election Manifesto
Hamas Rejects Biden's Gaza Ceasefire Proposal as 'Just Words'
Hamas Has Not Responded To Latest Ceasefire Proposal: Qatar
State of Palestine Seeks to Join UN Court Case Accusing Israel of Genocide
Hezbollah Launches Drone Squadron Towards Israeli Military Targets
US-Built Pier in Gaza Faces Setbacks and Repairs
Norway, Ireland, and Spain Recognize Palestinian State
ICC Seeks Arrest Warrants for Israeli and Hamas Leaders
Death of Iran's President Raisi Stirs Succession Race for Supreme Leader
What Happens If an Iranian President Dies in Office?
Iranian President Ebrahim Raisi Reportedly Killed in Helicopter Crash
FedEx Airlines Boeing 767 cargo plane lands on nose at Istanbul Airport
Netanyahu's Firm Stance Amid Rafah Hostage Talks
Blinken on Gaza: Ceasefire is Key to Humanitarian Crisis Resolution
UAE Prime Minister Announces $544M for Home Repairs after Historic Rains, Vows to Learn from Experience
Isfahan Explosions: US Media Reports Israel's Retaliatory Strikes on Iran
Four Dead, Dubai Airport Disrupted: UAE's Heaviest Rains in 75 Years Cause Flooding and Flight Chaos
Dubai Airports: Stranded Tourists 'Living on Duty Free,' Desperate for Food and Water
Heavy Rains Cause Flooding in UAE and Oman: 18 Lives Lost
You can be a very successful player, but a player with character is another level!
Unprecedented Flooding Disrupts Dubai
Ajman Crown Prince Declares Remote Work Day for Government Employees Due to Weather (Except Essential Jobs)
IDF released footage showing Israeli fighter jets downing some of the 300 drones and missiles fired from Iran at Israel.
The West stands with Israel, Iran is furious: "Double standards and irresponsibility"
Huge Queues at Iranian Gas Stations
Stabbing rampage terror attack in Sydney, at least four people killed, early reports that a baby was among those stabbed.
Scandal in Iran after a goalkeeper had the audacity to hug a female fan who stormed the pitch
Iran fired more than 300 drones and missiles at Israel overnight. Israel Reports Light Damage After Iran Launches Large Strike.
Saudi Arabia calls for "restraint" amid Iranian strikes on Israel
Iran launched dozens of drones at Israel on Saturday but they will take hours to reach their targets, Israel's military said
Online YouTube streamer N3ON was just sentenced to AN ENTIRE YEAR in prison in Dubai for filming and live-streaming, without “proper permits”
UN Chief Warns: Gaza Outflow to Egypt Would Derail Israeli-Palestinian Peace
Record Number of Arab Soldiers Serve in IDF Amidst Ongoing Gaza Conflict: A Personal Story of Loyalty and Advocacy
Major Charities Warn of Genocide in Gaza: 'Impossible' to Deliver Aid, Israel Accused of Complicity
Biden Warns Netanyahu: US Aid to Israel Depends on Gaza Civilian Protection
Israel Reopens Gaza Border for Temporary Humanitarian Aid Amid International Pressure
United Arab Emirates suspends diplomatic relations with Israel
DOZENS OF ARMED FIGHTERS ATTACK 3 IRANIAN MILITARY FACILITIES
×