The Virtual Asset (Service Providers) Law, 2020 (the
"Law") was gazetted on 25 May 2020 and will come into
force upon issue of a commencement order in due course. The Law
represents Cayman's first legal framework for the registration,
licensing and supervision of virtual asset service providers
conducting business in the Cayman Islands. This significant
legislative development represents Cayman's commitment to
facilitating innovative virtual asset business whilst adopting
international standards of regulation prescribed by the Financial
Action Task Force.
What are virtual asset service providers?
Virtual asset service providers (VASPs) include companies,
limited liability and foreign companies, and general, limited and
exempted limited partnerships formed and, where required,
registered or licensed, in accordance with the relevant laws of the
Cayman Islands that provide virtual asset services as a business,
or in the course of business, in or from within the
