This guide provides the latest legal information on the evolution and regulation of these markets, licensing and set-up requirements for businesses, cross-border services, decentralised finance considerations, and information on payments and stablecoins, as well as tokenisation and real-world assets.
1. Overview of Blockchain and Crypto-Assets
1.1 Blockchain
1.1.1 Evolution of Uses of Blockchain
The Cayman Islands as a Blockchain Hub
The Cayman Islands has earned its position as the offshore jurisdiction of choice for blockchain and digital asset businesses through a combination of deliberate regulatory design and organic market development. The jurisdiction offers a regulatory framework that is both credible and proportionate. The Cayman Islands Monetary Authority (CIMA) has avoided the temptation to over-regulate novel technology prematurely, while ensuring that the infrastructure for compliance is robust enough to satisfy institutional counterparties, correspondent banks and