Topic: Cryptocurrencies
Blockchain.com CEO hails Cayman’s crypto potential
Blockchain.com co-CEO and president Lane Kasselman believes Cayman’s early adoption of crypto regulation will future-proof its financial services sector from the coming wave of disruption.
Stablecoins aren’t exciting and that’s why they matter
Efficient, transparent stablecoins are putting pressure on the banks and driving a pragmatic financial revolution.
HAYVN to launch cryptocurrency index fund
Digital asset-focused financial institution HAYVN is launching its HAYVN 20 Cryptocurrency Index Fund.
Sparkster to pay $35 million in SEC settlement of unregistered crypto asset offering
Cayman-registered Sparkster Ltd has agreed to pay $35 million to settle charges brought by the US Securities and Exchange Commission over the software company’s 2018 crypto token offering.
Crypto.com receives regulatory approval in Cayman
Cryptocurrency platform Crypto.com has received its registration and regulatory approval as a virtual asset service provider (VASP) from the Cayman Islands Monetary Authority.
Financial services minister cool on cryptocurrencies, favours blockchain technology
Financial services minister André Ebanks has made some frosty remarks about the digital asset industry, which is currently suffering from a ‘crypto winter’ of falling prices, suggesting the sector is clamouring for regulation.
Two Cayman crypto funds to close after Terra stablecoin collapse
Two Cayman crypto funds operated by Invictus Capital have been caught out by last month’s implosion of stablecoin TerraUSD.
Regulation of crypto asset services enforced in phases
Cayman’s regulatory framework for service providers in the virtual asset space entered into force on 31 Oct. with the first of two phases.
OECD to release crypto tax-reporting framework in 2021
The Organisation for Economic Cooperation and Development is next year planning to release a tax-reporting framework for crypto assets based on the common reporting standard (CRS).
Cryptocurrencies and asset protection trusts in the Cayman Islands
Bitcoin and other cryptocurrencies have led to enormous generation of wealth, which is likely to have a significant impact on the traditional private wealth industry, with new and innovative wealth structures being created.
Government proposes framework to regulate crypto services
The Cayman Islands government has issued a proposed legislative framework for virtual asset service providers that seeks to align the crypto space with international anti-money laundering standards.
Australia anticipates billions in cryptocurrency tax fines
The Australian Taxation Office is collecting bulk data to identify holders of cryptocurrencies who are not paying tax on their trading profits. The crackdown...
GRADA launches tokenized asset fund administration
Global Risk and Data Authority Limited announced that it is now able to offer full fund administration services for funds that tokenize assets or issue share classes in cryptocurrencies.
JOURNAL: Cryptocurrencies no threat to financial stability, yet
Cryptocurrencies are currently not a threat to financial stability, according to the Financial Stability Board, a global regulator that advises the G-20 group of countries.
