Cayman Islands: Virtual Asset Services Provider Legislation

The Cayman Islands’ (Cayman) position as a hub for the establishment of FinTech structures has been enhanced by the introduction in 2021 of the Virtual Asset (Service Providers) Act (VASP Act) as amended, which provides invaluable regulatory oversight for innovative virtual asset business. This article will explore the key features of the VASP legislation and the registration and licencing regime.