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Cayman Islands update: Virtual asset service provider regime | The Lawyer | Legal insight, benchmarking data and jobs

Cayman Islands update: Virtual asset service provider regime | The Lawyer | Legal insight, benchmarking data and jobs
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Virtual asset service providers amendmentVirtual asset service providersமெய்நிகர் சொத்து சேவை வழங்குநர்கள் திருத்தம்மெய்நிகர் சொத்து சேவை வழங்குநர்கள்

Update: Virtual Asset Service Provider Regime - Technology

VASP Transitional Provisions The Virtual Asset Service Providers (Amendment) Act, 2020 ( VASP Amendment Act ) is now in force, as of 15 January 2021. The VASP Amendment Act supports the continuing implementation of Cayman Islands virtual asset service provider regulatory framework by allowing persons engaged in the provision of virtual asset services ( VASPs ) to continue operating as the provisions of the Virtual Asset (Service Providers) Act, 2020 (the Act ) are commenced. Notably, the VASP Amendment Act brings the Virtual Asset (Service Providers) (Savings and Transitional) Regulations, 2021 ( Savings and Transitional Regulations ) into effect. The Savings and Transitional Regulations provide that: (a) a VASP who: (ii) is not an

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Government Commences Framework For Virtual Asset Service Providers - Government, Public Sector

To print this article, all you need is to be registered or login on Mondaq.com. The Cayman Islands ability to regulate and attract persons and entities that deal with virtual assets as a business is now strengthened, with the commencement of legislation for virtual asset service providers (VASPs). In Cayman, a virtual asset is a digital representation of value that can be electronically traded and used for investment purposes. A common type of virtual asset is a cryptocurrency. The VASPs legislation allows for the supervision of persons and entities who are involved in providing business services that use or rely on

Cayman islandsAction task forceMonetary authorityCaribbean financial action task forceVirtual asset service providers amendmentVirtual asset service providers lawCayman islandVirtual assetService providersMutual evaluationகேமன் தீவுகள்நடவடிக்கை பணி படைபண அதிகாரம்கரீபியன் நிதி நடவடிக்கை பணி படைமெய்நிகர் சொத்து சேவை வழங்குநர்கள் திருத்தம்மெய்நிகர் சொத்து சேவை வழங்குநர்கள் சட்டம்