Virtual Asset Service Providers Legislation Published

Virtual Asset Service Providers Legislation Published

The Cayman Islands Government published the Virtual Asset Service Providers (Amendment) Act, 2020, Virtual Asset (Service Providers) (Amendment) Act, 2020 (Commencement) Order, 2021 and the Virtual Asset (Service Providers) (Savings and Transitional) Regulations, 2021...
Financial Services Ministry Presents Three Bills in Parliament

Financial Services Ministry Presents Three Bills in Parliament

The Virtual Asset (Service Providers) (Amendment) Bill, 2020, Companies (Amendment) (No. 3) Bill, 2020, and the Property (Miscellaneous Provisions) (Amendment) Bill, 2020 were presented by the Minister of Financial Services, the Hon. Tara Rivers.   The Virtual...
FAQs on Virtual Asset Service Providers

FAQs on Virtual Asset Service Providers

For more information, please review the Cayman Islands Monetary Authority‚Äôs supervisory circular.   What are VASPs? Virtual asset service providers (VASPs) are persons and entities whose businesses, on behalf of another person or entity, provide certain services...
Government Commences Framework for Virtual Asset Service Providers

Government Commences Framework for Virtual Asset Service Providers

In Cayman, a virtual asset is a digital representation of value that can be electronically traded and used for investment purposes. A common type of virtual asset is a cryptocurrency. The VASPs legislation allows for the supervision of persons and entities who are...
Government Proposes Framework for Virtual Asset Service Providers

Government Proposes Framework for Virtual Asset Service Providers

The Cayman Islands Government has taken significant steps to advance the financial technology capabilities of the jurisdiction through proposed legislation pertaining to virtual asset service providers. The Virtual Asset (Service Providers) Bill, 2020; the Monetary...