As the global leader in alternative investment funds and one of
the most innovative financial centres in the world, it is
unsurprising that the Cayman Islands has quickly become a popular
destination for cryptocurrency vehicles and initial coin offerings
(ICOs).
There are several other reasons why Cayman is an attractive
jurisdiction for FinTech business, including the fact that it
offers tax neutrality, a stable political system, judicial ties to
the United Kingdom and support via sophisticated professional
services firms.
There is always a balancing act between adopting a pro-industry
approach to exciting new business and maintaining the highest
standards of governance. Cayman, like the rest of world, is
considering how best to regulate and place controls on the
cryptocurrency space.
