On 8 August 2020, the Anguilla Financial Services Commission (AFSC) launched its Innovation Office. The Innovation Office will serve as a resource for engagement with the public, with focus on those seeking to engage in FinTech driven initiatives such as distributed ledger technology (including digital assets), digital marketplace financing and payment systems, and the use of artificial intelligence/machine learning.

Establishment of an Innovation Office follows on from the AFSC’S work with stakeholders in the development of the legislation and the regulatory framework for utility token offerings and utility token exchanges.

The announcement from the AFSC can be found here.

More information on the Innovation Office can be found here.

More information on the utility token offering legislation can be found here.