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ARTICLE · 26 FEBRUARY 2025

VASP FAQs: Key Information For Cayman Islands Virtual Asset Service Providers

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Virtual Asset Service Providers (VASPs) play a crucial role in the digital asset ecosystem in the Cayman Islands. Governed by the Virtual Asset (Service Providers) Law, 2020, VASPs include companies, partnerships, and other entities that provide virtual asset services as a business in or from within the Cayman Islands...

Cayman IslandsTechnology
Conyers
Conyers
Matthew Stocker
Matthew Stocker
Róisín Liddy-Murphy
Róisín Liddy-Murphy
Sarah Howie
Sarah Howie
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Virtual Asset Service Providers (VASPs) play a crucial role in the digital asset ecosystem in the Cayman Islands. Governed by the Virtual Asset (Service Providers) Law, 2020, VASPs include companies, partnerships, and other entities that provide virtual asset services as a business in or from within the Cayman Islands. These services encompass a wide range of activities, including virtual asset custody, trading platforms, and issuance services. This page provides a thorough guide to the most frequently asked questions concerning VASPs.

1. What is a Virtual Asset?

The VASP Act defines "Virtual Assets" as digital representations of value that can be digitally traded or transferred and can be used for payment or investment purposes.

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