Rules Holdings (BVI) VASP license approved!
The successful applicant, Rules Holding (BVI) Limited (Rules), currently operates a virtual asset exchange and provides custodial services by way of a platform named “bumba.global”. Rules is one of the first exchange and custody providers that has been approved under the new framework, and shall offer a diverse product portfolio to its clients across Latin America, the Middle East, Asia, and Europe as it expands its operations.
The Harneys Regulatory team secured approval from the Commission in November. The Harneys Corporate team, led by Partner George Weston with support from Senior Associate James Kitching, provided corporate support.
David Miller, Chief Executive Officer at Rules commented: “We built our business based on first principles of how financial services companies including VASPS should be governed, secured and regulated. This approval is a testament to the team’s ability to execute on that vison. The team at Harneys have excelled in assisting us from the start. Special thanks to Myles Chingara who led on the regulatory side and also George Weston and James Kitching who helped on the corporate side. We look forward to working with you going forward.”
Do you need help with a VASP application?
We are happy to assist. We have a very deep, experienced and knowledgeable regulatory team who can guide you through the process. Our approach is thorough yet simple and helpful and the process yields the outcomes we expect.
We are happy to provide you with our complimentary consultation kit, which includes:
- Harneys Practical Guide to the VASPA
- Harneys Proposal and Fee Quote Document
- Harneys VASP Assessment Tool
If you need our assistance, please contact any of the contacts listed or your usual Harneys contacts.
