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🇬🇬 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 / VASP) E-money (EMI)
Last verified 2026-10-01 Next review 2026-10-15

Data verified: oldest cell 91 days ago (verified 2026-07-02). Individual cells show their own verification date below.

Capital requirement Capital requirement is included with access. Included with access Timeline to authorisation Timeline to authorisation is included with access. Included with access Application cost Application cost is included with access. Included with access Passporting Passporting is included with access. Included with access

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 3 months agoSource: 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 7 weeks agoSource: GFSC, Lending, Credit and Finance: https://www.gfsc.gg/industry-sectors/lending-credit-and-finance

Recent changes

The Lending, Credit and Finance (Amendment) Rules, 2026 were made on 9 September 2026 and took effect on 1 October 2026. They removed the blanket restriction on VASPs serving retail customers, removed the VASP-specific environmental reporting requirement, and reduced duplicate licensing for firms already regulated by the GFSC. The GFSC says work continues on stablecoins, digital custody and technology for anti-financial-crime compliance.

Verified todaySource: https://www.gfsc.gg/news/guernsey-opens-door-greater-digital-finance-opportunities

You have seen the shape. The numbers are one pass away.

Capital, timeline, costs, substance, passporting, restrictions and difficulty for Guernsey, each with its source and verification date, unlock with the one-off Founder Pass: £349, 30 days, everything included. Need it board-ready without doing the work? A bespoke report answers your exact question for £950.

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Not legal advice. Entries marked placeholder or awaiting verification shouldn't be relied on. Verify with Guernsey's regulator and qualified local counsel before acting.