Fiat currency transactions – What rules and restrictions govern the exchange of fiat currency and cryptoassets?

Some time ago, the tokenisation of assets moved beyond the experimental stage in the context of investment funds in the Cayman Islands. What perhaps began as a niche exercise in representing interests on a blockchain is increasingly being proposed by mainstream sponsors as a way to broaden distribution,…

What are the main corporate structures used to set up a retail fund? How are they formed?

What legal framework governs cryptoassets? Is there specific legislation governing cryptoassets and businesses transacting with cryptoassets?

Cayman Islands introduced The Virtual Assets (Service Providers Act) (“VASP Act”) to align with the standards and recommendations set out by the Financial Action Task Force relating to the AML/CFT supervision of virtual asset services providers (“VASPs”).

Explore key points of fund management regulation in Cayman Islands, a jurisdiction with a strong global reputation, tax neutrality and fund flexibility.

This article will provide a general overview of the steps involved in the formation and running of a closed-ended investment fund in the Cayman Islands pursuant to the Private Funds Act (As Revised) (the “Act”). Whilst there are no statutory requirements as to the type of legal entity…

The Common Reporting Standard (“CRS”) which was published by The Organisation for Economic Co-operation and Development (“OECD”) is intended to, among other things, improve international tax transparency. The CRS achieves this objective by, among other things, requiring committed jurisdictions to obtain information on offshore accounts held with “Financial…

Among the many investment fund structures provided by the Financial Services Commission (“FSC”) of the British Virgin Islands (“BVI”) under the Securities and Investment Business Act (As Revised) of the BVI, Approved Funds and Incubator Funds have for a number of years been very attractive options for Start-up…

The Mutual Funds Act (for open-ended funds) and the Private Funds Act (for closed-ended funds) are the two main statutes relevant to the regulation of investment funds in the Cayman Islands.  The Cayman Islands Monetary Authority (“CIMA”) is the regulatory body responsible for compliance with these laws and…

The registration of beneficial ownership information in respect of British Virgin Islands (the “BVI”) companies and the potential for that information to be disclosed subsequently has long been the subject of speculation and understandable concern by owners of companies and other relevant entities in the BVI.

What rules and restrictions govern the exchange of fiat currency and cryptoassets? Assuming the subject cryptoassets fall within the definition of virtual assets under the Virtual Asset (Service Providers) Act (As Revised) (VASP Act), the exchange of fiat currency and cryptoassets will likely constitute a virtual asset service…

Explore essential regulations and guidelines for cryptoasset trading in the Cayman Islands, including licensing, AML/KYC requirements, and compliance for exchanges, custodians, and broker-dealers under the VASP and SIBA Acts.

Corporate governance in the Cayman Islands primarily follows international standards and best practices, influenced by various factors including legal frameworks, regulatory bodies like the Cayman Islands Monetary Authority (“CIMA”), and market expectations.

本文将概述根据《私募基金法》（修订版）（“该法”），在开曼群岛成立和运营封闭式投资基金所涉及的步骤。

经济合作与发展组织（“经合组织”）发布的《共同汇报标准》（“CRS”）旨在提高国际税务透明度。为实现这一目标，CRS要求承诺遵守该准则的司法管辖区获取纳税人在“金融机构”持有的离岸账户信息，并每年自动与纳税人居住地司法管辖区交换该信息。

本文主要从开放式基金和封闭式基金角度解析管理开曼群岛投资基金的主要法律和规则。 所有投资基金均须遵守开曼群岛反洗钱法规。

开曼群岛通过了《2025年虚拟资产（服务提供商）（修正案）法案》（简称“修正案”），在平衡负责任的数字资产创新方面迈出了实质性的一步。该法案一旦通过成为法律，将对《虚拟资产（服务提供商）法案（2024年修订版）（简称“VASP法案”）进行重大修订。这项有针对性的更新将显著明确开曼群岛注册投资基金中代币化股权和投资权益的处理方式。