Launch of Fintech Advisory Committee

Regulators and industry players are engaging in more formal talks on how the requisite frameworks can be put in place to protect the interests of investors in cryptocurrencies, digital assets and tokens, better known as FinTech.

Members of the FSC’s newly formed FinTech Advisory Committee recently kicked off consultations at the Commission’s Bay Street headquarters.

Oliver Jordan, Chairman of the FSC noted that the development of FinTech “presents a significant opportunity for Barbados in terms of economic growth, attracting new investments and firms to the jurisdiction, and increasing financial intermediation and access within Barbados."

He further stated that “while the Commission is desirous of supporting innovation it must ensure that the infrastructure provided is consistent with the FSC’s consumer protection, market integrity, and financial stability objectives.”