Topic: cryptocurrency
CIMA grants first full VASP licence to a digital asset business
RYKI and BCXPro are the two latest firms to be granted a license from CIMA in a sign of building momentum in Cayman's digital asset sector.
Cayman grants Crypto.com conditional VASP licence
The global cryptocurrency platform announced it was awarded a conditional licence by Cayman’s financial regulator, marking a key progression for the jurisdiction’s burgeoning digital asset sector.
Cyber cops trace $14M stolen from Cayman victim in ‘inside job’ crypto heist
More than US $14million of crypto currency stolen from a Cayman Islands company have been identified and traced by financial investigators following a joint investigation with French and Italian authorities.
Cryptocurrency taking off in Cayman for aircraft and house sales
Payments in cryptocurrencies through Cayman-based businesses are becoming more common and increasingly used in real estate transactions, experts have said.
Founder of US$8.3M crypto start-up accused of misappropriating assets
A petition for court supervision of the liquidation of a Cayman-based crypto start-up has been lodged over allegations of misappropriation.
Disgraced former Binance CEO barred from leaving US
The former CEO of Binance, a crypto currency exchange company that broke US anti-money laundering laws, has been told he cannot go home to the United Arab Emirates.
Cayman joins commitment to create crypto tax laws by 2027
The Cayman Islands has signed a statement, along with 47 other countries, UK territories and Crown dependencies, committing to establish cryptocurrency regulations.
New partnership opens door to crypto property loans
A partnership between bitcoin banking platform Ledn and crypto real estate broker Parallel will enable people to buy property in Cayman using cryptocurrency.
‘Pig butchering’ scam: A cautionary tale
David Templeton, an investigator with the RCIPS’s Bureau of Financial Investigation, has written this scenario, using a fictional victim, as a cautionary tale of how people get conned in the notorious ‘pig butchering’ scam.
Horrible year leaves crypto in a bind
To say that 2022 was a difficult year for crypto is an understatement. Dramatic declines in asset values, stablecoin collapses, bankruptcies of what appeared to be some the industry’s largest and most successful businesses, and widespread contagion meant a near-death experience for any digital asset venture.
First real estate sale using crypto in Cayman
Parallel Limited has brokered the first real estate transaction in cryptocurrency in the Cayman Islands, involving a private residence that sold for more than US$5 million.
Survey: Enthusiasm for El Salvador’s bitcoin experiment wanes
Despite bitcoin’s status as legal tender and a significant government push, the cryptocurrency is not yet an accepted medium of exchange El Salvador.
‘Cryptopia’ separates the hype from the future of the internet
The 2020 documentary CRYPTOPIA, one of the feature films at the Cayman Documentary Festival, talks to the big brains and big egos of the crypto and blockchain world.
Opportunities abound in Cayman’s digital future
From cryptocurrency to NFTs and blockchain technology, Cayman has plenty of room for growth in the tech industry
Binance sues Forbes for defamation
Crypto exchange Binance is suing Forbes and two of its journalists for defamation, after the business magazine published an article on 29 Oct. based on a leaked document.
Regulatory framework for virtual asset services adopted
Lawmakers this week passed a package of five bills to regulate virtual asset service providers. The Virtual Asset Service Provider Law, the central piece of legislation in the regulatory framework, demands that digital asset businesses must be registered with the Cayman Islands Monetary Authority.
Bermuda to accept digital currency
The government of Bermuda is going to accept digital currency as payment for government taxes, fees and services.
OneTRADEx liquidators petition US bankruptcy court
The liquidators of Cayman discount broker OneTRADEx have petitioned a federal bankruptcy court in the Southern District of New York for the recognition of the liquidation in Cayman as a foreign main proceeding.
Column: China’s race to control blockchain
If China can be first and build a blockchain system it controls, such as its own state-controlled internet, Beijing will be able to use the technology to repress its people, expand its influence and subvert the Western rule-of-law based system.
New platform automates KYC checks for crypto transactions
About three years ago, Global Risk and Data Authority Limited launched a platform aimed at automating the know-your-client and anti-money laundering compliance processes for banks in Cayman, as well as onshore correspondent banks.
Rahn: The rush to cryptocurrencies
Many governments, such as Chinese, Russian, Swiss and others, as well as millions of private individuals and companies want to free themselves from the U.S. financial yoke. Hence, the search for a functional cryptocurrency.
Morici: Dollar will hold as reserve currency
Sorry Bitcoin, offshore dollars were a private currency for years – largely virtual, without official government sanction and lightly regulated – long before initial coin offerings came along. And it’s run by much more trustworthy and careful people.
Cayman’s reputational risk and blockchain
The Cayman Islands is facing somewhat of a dilemma. Although its regulatory regime is not tailored to cryptocurrencies, token offerings or distributed ledger technology, Cayman became home to the world’s largest initial coin offering this year.
EY announces blockchain audit technology
Accounting firm EY has launched a suite of blockchain audit technologies with the ability to review cryptocurrency business transactions.
Rahn: Toward a better cryptocurrency
Cryptocurrencies, such as bitcoin, can serve as a unit of account and a medium of exchange, but not as a store of value – as long as there is nothing more than an algorithm to anchor them.
Enterprise City hosts second cryptocurrency conference this year
Cayman Enterprise City welcomed more than 100 world leaders in cryptocurrency, government, capital markets, and technology to the World Tokenomic Forum’s Annual Summit from May 8 to May 10.
Blockchain conference comes to Cayman
One of the world’s most prominent blockchain conferences, “d10e,” is taking place in Cayman this week, with dozens of people in the cryptocurrency and blockchain industry coming to the island to network and share ideas about how the technology can influence all aspects of society.
Rahn: The end of government ‘Monopoly money’
The energy and the intelligence are on the side of the entrepreneurs, not on the side of the government regulators. Ultimately, government central banks and financial agencies are going to lose this battle.
