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Topic: Virtual Asset (Service Providers) Act

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.
Bullish principals Brendan Blumer and Tom Farley celebrate the IPO on Wall Street on Wednesday. - Photo: NYSE

2025 Year in Review: A breakthrough year for Cayman’s digital hub

During the course of the year, the jurisdiction made significant advances towards becoming a global centre for Web3 businesses.

Cayman poised to benefit from the blockchain boom

Blockchain technology will completely disrupt the financial services industry, warned speakers at the Uncorrelated Cayman 2025 conference. And the Cayman Islands will have to adapt if it wants to remain one of the world’s top global financial centres.

Crypto lender Nexo takes Cayman regulator to court over licence rejection

Nexo Capital Inc is appealing the rejection by the Cayman Islands Monetary Authority of the crypto lender’s application for a virtual asset service provider licence.

HAYVN to launch cryptocurrency index fund

Digital asset-focused financial institution HAYVN is launching its HAYVN 20 Cryptocurrency Index Fund.

Q&A: Making digital asset businesses compliant

The Cayman Islands Monetary Authority (CIMA) has so far been very conservative in granting virtual asset service provider (VASP) licenses.

Blockchain.com granted registration as virtual asset services provider

Blockchain.com, one of the longest-established crypto businesses and a pioneer of bitcoin infrastructure, has obtained registration in the Cayman Islands under the Virtual Asset Services Providers Act.

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.

Consultation ends on rules for virtual asset custodians, trading platforms

A public consultation by the Cayman Islands Monetary Authority on draft rules and guidance for the provision of services by custodians and trading platforms for virtual assets ended on 7 March.

Environment, accountability and crypto dominate CIIPA’s annual conference

Combating climate change, the importance of public sector accountability and understanding evolving digital assets were the main topicd at the Cayman Islands Institute of Professional Accountants’ annual conference.

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

CIMA: Binance not authorised to operate crypto-currency exchange

The Cayman Islands Monetary Authority announced that the Binance Group and Binance Holdings Limited are not registered, licensed, regulated or otherwise authorised to operate a crypto-currency exchange from or within the Cayman Islands.

Virtual asset services enforcement takes effect

The Ministry of Financial Services advised the public that the enforcement provisions of the Virtual Asset Service Providers (VASP) Act have come into effect on Sunday, 31 Jan.  

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