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ARTICLE · 08 JANUARY 2025

Cayman Islands Monetary Authority Updates Application Process For VASP Registration

Harneys
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On 12 December 2024, the Cayman Islands Monetary Authority (CIMA) announced updates to the registration process for Virtual Asset Service Providers (VASPs) via its REEFS portal.

Cayman IslandsFinance and Banking
Juan Pablo Urrutia
Juan Pablo Urrutia
Mirza Manraj
Mirza Manraj
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On 12 December 2024, the Cayman Islands Monetary Authority (CIMA) announced updates to the registration process for Virtual Asset Service Providers (VASPs) via its REEFS portal. Starting 13 December 2024, the current application form (APP 101-84) is replaced by a new version, designed to enhance the efficiency and clarity of the registration process.

The updated form includes additional questions and refined document requirements, ensuring submissions are more complete and easier to process.

Here's what you need to know:

New submissions: From 13 December 2024, all new VASP registration applications must use APP 101-84-05.

In-progress applications: Applications already in progress on this date may still use the current APP 101-84 form, provided they are submitted before 5pm on 30 January 2025.

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