Jurisdiction reference
Seychelles
Regulator: FSA Seychelles. License/registration context: Licensing. 9 VASP/entity records are tracked by Plexo Institute in Seychelles. Official registry source: FSA Seychelles — official regulator. Data last updated: 2026-09-30.
Seychelles does not have a dedicated regulatory framework for stablecoins. The country is a well-known offshore hub where crypto exchanges and entities are registered. Stablecoin activity is permitted under broad digital asset and securities laws but remains largely unregulated.
Regulatory Status
- Jurisdiction code
- SC
- Regime
- Licensing
- Regulator
- FSA Seychelles
- Governing law
- VASP Act 2024
- Travel Rule
- In Progress
- Tracked entities
- 9
- Recognized stablecoin backing
- fiat-backed, crypto-backed, commodity-backed, algorithmic
- Yield-bearing stablecoins
- Restricted
- Currency
- SCR
Regulatory approach
The FSA regulates non-bank financial services, including securities, insurance, and international business companies (IBCs). It has oversight of crypto service providers but no explicit stablecoin regime.
Relationship Graph
Jurisdiction FAQ
Who regulates Seychelles?
The current Plexo Institute record lists FSA Seychelles as the regulator for Seychelles.
How many VASPs are tracked in Seychelles?
9 VASP/entity records are tracked by Plexo Institute in Seychelles.
What is the Travel Rule status in Seychelles?
The current Plexo Institute record lists the Travel Rule status for Seychelles as In Progress.
Source Evidence
This profile is compiled from official legislation and regulator records. Source confidence: official source evidence.