DWF Labs Receives BVI VASP Approval
DWF Labs granted VASP license by BVI FSC under 2022 Act covering virtual asset exchange and issuer services.
DWF Labs received Virtual Asset Service Provider approval from the British Virgin Islands Financial Services Commission under the Virtual Assets Service Providers Act 2022.
The approval covers the exchange of virtual assets and participation in an issuer's offer or sale of virtual assets.
Statement from DWF Labs
Heng Lee, Managing Director and Partner at DWF Labs, stated that the approval is a key step for delivering regulated services with greater transparency and governance.
Open Questions
No figures have been disclosed on assets, volumes, or clients that will operate under the license, and no timeline for rollout of services has been provided.