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AFRICA · JURISDICTION PROFILE
Seychelles
Developing
Travel Rule: In force
Regulator(s)FSA Seychelles ↗
FrameworkVirtual Asset Service Providers Act (2024)
Travel RuleIn force
FATF statusNot listed
Overview
Seychelles — home to numerous offshore crypto exchanges — enacted a Virtual Asset Service Providers Act in 2024, introducing licensing and supervision by the Financial Services Authority (FSA) with AML/CFT obligations, tightening a previously light-touch environment.
Regulatory framework
The VASP Act licenses exchanges, wallet providers and related services under the FSA.
Licensing & authorisation
VASPs require an FSA licence under the 2024 Act.
AML & Travel Rule
AML/CFT obligations and a Travel Rule apply to licensees.
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