BVI urged to set rules for artificial intelligence use

The British Virgin Islands has been advised to develop governance standards for artificial intelligence, with observers noting that the territory's financial-services economy depends heavily on institutional trust.

The commentary highlights that firms, regulators, banks, lawyers and corporate-service providers in the BVI have built their reputation on reliability and trustworthiness over decades. As artificial intelligence becomes more prevalent, experts suggest that clear rules and oversight will be needed to protect that foundation.