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ARTICLE · 28 JUNE 2024

Registration Of Virtual Asset Service Providers

Stuarts Humphries
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The Cayman Islands Government passed the Virtual Asset (Service Providers) Act, 2020 on 25 May 2020.

Cayman IslandsTechnology
Chris Humphries
Chris Humphries
Jonathan McLean
Jonathan McLean
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Introduction

The Virtual Asset (Service Providers) Act, 2020

The Cayman Islands Government passed the Virtual Asset (Service Providers) Act, 2020 on 25 May 2020. This was accompanied with updates to a number of other laws including the Monetary Authority (Amendment) (No.2) Act, 2020, the Securities Investment Business (Amendment) Act, 2020 (the "SIBA"), the Mutual Funds (Amendment) (No. 2) Act, 2020 (the "MFA") and the Stock Exchange Company (Amendment) Act, 2020 (the "Stock Exchange Act"). The Virtual Asset (Service Providers) Act, (2022 Revision) is the current revision of the act (the "VASP Act").

Although passed, the provisions relating to different matters contained in the Act may be brought into effect at different times.

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