Briefing Summary: The Cayman Islands’ Crypto‑Asset Reporting Framework has been in force since 1 January 2026, with the registration deadline for Cayman Reporting Crypto‑Asset Service Providers now extended to 31 January 2027. In‑scope providers must nevertheless be collecting the required CARF information from the commencement of the regime ahead of first reporting in 2027.
Sector: Blockchain, Digital Assets and Tokenisation
Location: Cayman Islands
Content Authors: Chris Duncan, Jarrod Farley
As outlined in our client briefing The Crypto-Asset Reporting Framework and its implications for the Cayman Islands, the Cayman Islands implemented the Crypto-Asset Reporting Framework ("CARF") through domestic regulations effective 1 January 2026. Pre-existing Cayman Reporting Crypto-Asset Service Providers ("RCASPs") were given until 30 April 2026 to register with the Cayman Islands Department for International Tax Cooperation ("DITC").
On 25 March 2026, the DITC issued an industry advisory extending the deadline for registration under CARF for Cayman RCASPs.
Key points
- Extended registration deadline: RCASPs (other than exempted bodies) now have until 31 January 2027 to register required information on the DITC Portal, replacing the previous deadline of 30 April 2026.
- No change to substantive obligations: The extension is intended to allow RCASPs sufficient time to complete registration once the relevant DITC Portal functionality becomes available. There are no changes to the substantive CARF obligations or to the scope of information required to be reported.
- Registration process: Once the DITC Portal functionality is launched, all Cayman RCASPs will be required to submit and keep current prescribed registration details, including principal point of contact (PPoC) information.
What this means in practice
Whilst the date for reporting information to the DITC has been extended, Cayman RCASPs that are in scope are expected to be gathering the required due diligence and reporting information from CARF's effective date of 1 January 2026. RCASPs cannot wait until the registration deadline to begin collecting the information needed under the CARF regime. The first CARF reporting cycle will occur in 2027 in respect of the 2026 calendar year, meaning that information collected during 2026 will be reportable once registration has been completed.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
