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ARTICLE · 10 MAY 2022

Registration And Continuing Obligations Of A Virtual Asset Service Provider (VASP)

Stuarts Humphries
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This Guidance Note sets out the registration and continuing obligations of a virtual asset service provider registered with, or licensed by, the Cayman Islands Monetary Authority...

Cayman IslandsTechnology
Chris Humphries
Chris Humphries
Jonathan McLean
Jonathan McLean
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This Guidance Note sets out the registration and continuing obligations of a virtual asset service provider registered with, or licensed by, the Cayman Islands Monetary Authority ("CIMA") under the Virtual Asset (Service Providers) Act, (2022 Revision) (the "VASPA").

Registration & Licensing

All virtual asset service providers (a "VASP entity") are required to register with, or be licenced by, CIMA. Virtual asset service providers must not conduct any virtual asset business without such registration or licensing in place subject to penalty. Registrations must be made through CIMA's Regulatory Enhanced Electronic Forms Submission ("REEFs") web portal. Stuarts has access to REEFs and will attend to registration/licensing and ongoing filings for our clients.

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