Payward, the parent company of the cryptocurrency exchange Kraken, has announced its successful acquisition of Virtual Asset Service Provider (VASP) registrations from the British Virgin Islands Financial Services Commission (BVI FSC). This strategic move positions Payward to enhance its operational capabilities in the rapidly evolving digital asset landscape. The BVI's regulatory framework is increasingly recognized for fostering innovation in the fintech sector, making it an attractive jurisdiction for crypto firms. By securing this license, Payward not only strengthens its compliance posture but also expands its potential for growth in international markets, particularly in regions where regulatory clarity is paramount for investors and users alike.
Source: Finextra
