Alistair Russell, Chris Duncan and Jenna Willis have authored
the Cayman Islands chapter of Global Legal Insight's fifth
edition guide to blockchain and cryptocurrency regulation. The
chapter covers the Cayman legal requirements relating to
cryptocurrency and blockchain, including government attitude and
definition, taxation, money transmission laws and AML requirements,
mining and licensing requirements.
GOVERNMENT ATTITUDE AND DEFINITION
The Cayman Islands is a leading global financial centre and has
developed a reputation as one of the world's most innovative
and business-friendly places to operate. The jurisdiction offers a
stable society and political system, judicial and legislative links
to the United Kingdom, tax neutrality, sophisticated service
providers, and a proportionate regulatory regime that focuses
closely on the financial services industry, and in particular those
catering to sophisticated and institutional investors based
elsewhere. It is this