The Cayman Islands Government has taken a significant step in the regulation of virtual asset service providers (VASPs) with the commencement of the licensing regime under the Virtual Asset (Service Providers) Act (as...more
4/23/2025
/ Anti-Money Laundering ,
Cayman Islands ,
CIMA ,
Corporate Governance ,
Cryptocurrency ,
Digital Assets ,
FinTech ,
Licensing Rules ,
Regulatory Oversight ,
Regulatory Requirements ,
Risk Management ,
Trading Platforms ,
Virtual Currency
Following consultations earlier this year, the Virtual Asset (Service Providers) (Amendment) Bill, 2024 (the Bill) has been gazetted and represents a major milestone in enhancing the Cayman Islands’ regulatory landscape for...more
As the war continues to rage on the Eastern front between Russia and Ukraine, the financial sanctions resulting from the initial invasions and ongoing conflict seem likely to continue to play a significant part in the global...more
11/20/2024
/ Asset Freeze ,
Blockchain ,
Cayman Islands ,
Cross-Border ,
Digital Assets ,
Due Diligence ,
Economic Sanctions ,
Enforcement Actions ,
Financial Markets ,
Financial Services Industry ,
FinTech ,
Popular ,
Regulatory Agenda ,
Russia ,
Sanctions ,
Technology ,
Trade Bans ,
Trade Relations ,
UK ,
Ukraine ,
Virtual Currency
The evolution of the cryptocurrency landscape has led to the development and rapid adoption of stablecoins globally. A stablecoin, as the name suggests, is essentially a virtual asset that is designed to maintain a stable...more
10/17/2024
/ Cayman Islands ,
CIMA ,
Cryptocurrency ,
Digital Assets ,
Investment ,
New Legislation ,
Regulatory Agenda ,
Regulatory Requirements ,
Securities ,
SIBA ,
Stablecoins ,
Virtual Currency
In recent years, the virtual asset industry has experienced exponential growth, bringing about innovations in digital payments, tokenisation and decentralised finance (Defi). While highly innovative, the volatile nature of...more
10/3/2024
/ Blockchain ,
Cayman Islands ,
Corporate Governance ,
Crisis Management ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Digital Service Providers ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Internal Controls ,
Popular ,
Regulatory Oversight ,
Risk Management ,
Tokenization ,
Trading Platforms ,
Transparency ,
Virtual Currency