D
Digital Asset Intelligence
Regulation · Compliance · Risk
Suggest an edit
← Country Intelligence Center
🇸🇨

Seychelles

Africa · Developing

Seychelles — historically the registered home of major offshore exchanges — moved decisively with the VASP Act 2024, requiring licensing and substance for all virtual asset firms. The FSA is now actively de-registering non-compliant entities while building supervisory capacity.

DAI Methodology v2.1 Last updated June 2026
DAI Readiness Score™
68.9
out of 100
Regulatory & Enforcement Agencies

Regulatory agencies for Seychelles — being verified. Submit a suggestion →

Regulatory status

Developing

Source unavailable
Primary regulator

Financial Services Authority (FSA Seychelles)

Source
Licensing requirements

Virtual Asset Service Providers Act 2024 — licensing for exchanges, wallets, brokers; transition window closed 2025.

Source unavailable
AML requirements

AML/CFT Act 2020 extended to VASPs; FSA supervisory inspections began 2025.

Source
Travel Rule status

Partial — Travel Rule in VASP Act; cross-border data exchange standards still maturing.

Source unavailable
Tax treatment

Territorial regime; no CGT. Business tax applies to Seychelles-sourced income.

Source unavailable
Consumer protection

VASP Act disclosure and client-asset rules; FSA public register of licensees.

Source
Key risks
  • —Legacy offshore structures still unwinding
  • —Supervisory bandwidth thin relative to registered population
  • —Reputational overhang from pre-2024 era
Key legislation
2024
VASP Act

Ends the era of unregulated Seychelles crypto exchanges; mandatory licensing.

Source unavailable
2020
AML/CFT Act

FATF-aligned baseline extended to virtual assets.

Source
Recent developments
2026-05-02
FSA strikes off 14 non-compliant entities

Post-transition enforcement sweep removes legacy IBC structures.

Source
2026-01-21
First exchange licence granted

Domestic licensing regime becomes operational.

Source unavailable
Regulatory timeline
  1. 2020

    AML/CFT Act modernised

  2. 2024

    VASP Act enacted — licensing mandatory

  3. 2025

    Transition window closes; inspections begin

  4. 2026

    Enforcement sweep against non-compliant entities

Primary Sources & Official Documents
  1. 01
    FATF Recommendations (including Recommendation 15 — new technologies)
    Financial Action Task Force · Updated periodically
    https://www.fatf-gafi.org/en/topics/fatfrecommendations.html
  2. 02
    FATF Targeted Update on Implementation of the Standards on VAs and VASPs
    Financial Action Task Force · Annual
    https://www.fatf-gafi.org/en/publications/Fatfrecommendations.html
  3. 03
    High-Risk and Other Monitored Jurisdictions (grey and black lists)
    Financial Action Task Force · Updated three times a year
    https://www.fatf-gafi.org/en/publications/High-risk-and-other-monitored-jurisdictions.html

Never miss a change

Track Seychelles

Get an email when Seychelles publishes a new rulemaking, licensing decision, enforcement action, or sanctions designation. Every alert links to the primary source.

Jurisdictions (leave blank for all)
Topics (leave blank for all)
Delivery

Free. Unsubscribe in one click from any alert.

Page history
Suggest an edit →

Loading revision history…

Spotted something out of date? Practitioner corrections are reviewed against the cited source.

Suggest an edit
Sources:FSA Seychelles — VASP Act 2024 · AML/CFT Act 2020
Professional disclaimerDigital Asset Intelligence content is provided for informational purposes only and does not constitute legal, tax, investment, or compliance advice. Regulatory positions change frequently; verify all material with primary sources and qualified counsel before relying on it for licensing, supervisory, or compliance decisions.