LicenceMap The licensing intelligence desk
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 / VASP) E-money (EMI)
Last verified 2026-08-15 Next review 2026-08-29

Data verified: oldest cell 46 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 7 weeks 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 2 days agoSource: GFSC, Lending, Credit and Finance: https://www.gfsc.gg/industry-sectors/lending-credit-and-finance

Recent changes

On 24 July 2026 the GFSC published its Supporting Growth with Digital Finance feedback paper. Revised Part 10 rules are intended to take effect on 1 October 2026, permitting VASPs to serve retail customers and deleting the VASP-specific environmental declaration. Retail-facing firms must notify the GFSC and hold proportionate resources. Separate relief from dual licensing for some existing regulated firms remains proposed, with the section 40 notice consultation closing 31 August 2026. Stablecoin rules are expected in autumn 2026.

Verified 2 days agoSource: https://www.gfsc.gg/sites/default/files/media/helix-file/Feedback%20Paper%20-%20Growth%20with%20Digital%20Finance%20%28July%202026%29.pdf

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.

Unlock Guernsey Read the free jurisdiction first

Check the work first: methodology, sources, and every figure we currently dispute.

Head-to-head

How Guernsey stacks up against the jurisdictions applicants weigh it against.

Know when Guernsey moves

One email when a figure changes here. No digest padding.

No spam, unsubscribe any time.

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.