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ARTICLE · 26 NOVEMBER 2025

CIMA Issues Desk-Based Review On VASPs

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The Cayman Islands Monetary Authority ("CIMA") has released its Thematic Desk-based Review Report on Registered Virtual Asset Service Providers, following an assessment conducted between September 2024 and February 2025.

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The Cayman Islands Monetary Authority ("CIMA") has released its Thematic Desk-based Review Report on Registered Virtual Asset Service Providers, following an assessment conducted between September 2024 and February 2025.

CIMA confirms that: "From September 2024 to February 2025, the Authority conducted a Thematic Desk-based Review (the "Reviewˮ) pursuant to section 6(1)(b) of the Monetary Authority Act (2020 Revision) (as amended) (the "MAAˮ) and section 24(1)(c) of the VASP Act. The Review scope comprised 11 regulated VASPs (the "Selected Entitiesˮ)...Of these 11 regulated VASPs, 5 provide virtual asset custody services and these custody arrangements were also considered in the scope of the Review."

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