BVI Advisor Warns U.S. Lags in Digital Asset Policy, Driving Business to Singapore and BVI

Derived from The Street Crypto, Ayanna Hull, head of BVI Private Wealth and Regulatory at Harneys, stated in an interview that the lack of clear crypto regulations in the United States is pushing business to jurisdictions like Singapore and the British Virgin Islands (BVI). She noted that the U.S. has been slow to act, with many clients moving to the BVI due to the burdensome MICA regulations in Europe and the previous administration's neglect of crypto. Hull highlighted the Trump-era GENIUS Act as a turning point and suggested stablecoins will likely be the first regulatory focus due to pressure from large companies like Amazon. She also cited Singapore as a model for small jurisdictions like the BVI in financial and tourism development.