Cayman crypto-asset service providers must register with authorities by end of January

News Team, 22/01/2021

Cayman crypto-asset service providers must be registered for a Cayman Islands Monetary Authority (CIMA) licence by 31 January 2021.

The Virtual Asset (Service Providers) Act, 2020 (VASP Act) came into effect on 31 October 2020 and provides a framework for the regulation of virtual asset service providers (VASPS).

Up until now service providers have operated within the existing regulatory regime with the new framework aimed at providing greater certainty, ens...

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