licencemap
Informational only, not legal advice. Verify with qualified counsel before acting. Full disclaimer

🇬🇬 Guernsey

A genuine bespoke VASP licence, the GFSC Part III Licence under the LCF Law 2022, but uptake has been very low so far.

Crypto (CASP) E-Money (EMI)
Last verified 2026-07-02 Next review 2026-07-16

Data verified: oldest cell 1 day ago (verified 2026-07-02). Individual cells show their own verification date below.

Licence type

Part III VASP Licence under the Lending, Credit and Finance (Bailiwick of Guernsey) Law, 2022 ('LCF Law'). Covers virtual asset exchange, transfer, safekeeping/custody, administration, and issuance/ICO services. This is a genuine substantive licensing regime (not merely AML registration), which came into full effect 1 July 2023 (application window opened 1 February 2023).

Verified 2026-07-02 Source: Carey Olsen, Virtual asset service providers (the LCF Law): https://careyolsen.com/briefings/part-iii-virtual-asset-service-providers

Regulator

Guernsey Financial Services Commission (GFSC).

Verified 2026-07-02 Source: GFSC, Lending, Credit and Finance: https://www.gfsc.gg/industry-sectors/lending-credit-and-finance

Capital requirement 🔒

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Timeline to authorisation 🔒

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Local substance 🔒

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Application cost 🔒

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Ongoing cost 🔒

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Passporting 🔒

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MiCA CASPs approved 🔒

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Key restrictions 🔒

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Recent changes

GFSC launched a 'Digital Finance Initiative' (DFI) in September 2025 to reposition Guernsey as a digital finance hub, including a Digital Forum for industry engagement and a consultation on stablecoins/broader digital-asset policy running until 6 March 2026. For 2026, GFSC announced fee reductions specifically for VASP applications to encourage more firms to establish in the Bailiwick, implying low uptake of the regime to date.

Verified 2026-07-02 Source: GFSC, Guernsey Financial Services Commission Launches Digital Finance Initiative: https://www.gfsc.gg/news/guernsey-financial-services-commission-launches-digital-finance-initiative

Difficulty rating 🔒

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The decision numbers for Guernsey are one step away

Capital, timeline, costs, substance, passporting, restrictions and difficulty, with sources and verification dates. Deciding now? The one-off Founder Pass (£349) unlocks everything for 30 days. The free showcase jurisdiction shows you the exact format and quality first.

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Get an email when this regime changes, fee schedules, capital rules, transition deadlines.

Informational only, not legal advice. Entries marked as placeholder or awaiting verification must not be relied on. Confirm all requirements with Guernsey's regulator and qualified local counsel before acting.