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CARIBBEAN · JURISDICTION PROFILE
Cayman Islands
Comprehensive
Travel Rule: In force
Overview
The Cayman Islands' Virtual Asset (Service Providers) Act, effective from 2020, requires virtual-asset service providers to register or be licensed with the Cayman Islands Monetary Authority (CIMA), with a phased licensing regime for custody and trading platforms.
Regulatory framework
The VASP Act covers registration and, for custody and trading platforms, licensing, with AML supervision by CIMA.
Licensing & authorisation
VASPs register with CIMA; custodians and trading platforms require a licence.
AML & Travel Rule
AML/CFT obligations and a Travel Rule apply to VASPs.
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