Seychelles Leverages Digital Finance for Economic Resilience Amidst Tourism Challenges
Seychelles is focusing on digital finance to bolster its economy, which is heavily reliant on tourism. The International Monetary Fund projects Seychelles' GDP to reach $2.25 billion, with growth moderating to 1.5% due to weaker tourism demand. The Central Bank of Seychelles is modernizing its payment systems, phasing out cheques, and promoting digital payments to enhance financial infrastructure. Recent reforms have strengthened oversight of virtual asset activities, aligning with international standards. The Financial Services Authority now supervises virtual asset service providers, applying stringent anti-money laundering measures. 
