Crypto Lender Nexo Sues Cayman Island's Regulator for Denied VASP Registration
Nexo has sued the Cayman Islands Monetary Authority to overturn its rejection of Nexo's application to register as a virtual asset services provider. Source
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Nexo sues Cayman Islands financial regulator over VASP license
The same week that Bulgarian authorities were raiding Nexo’s offices and indicting four individuals for charges related to money laundering, the crypto lender filed suit in the Cayman Islands.In a document dated Jan. 12, Nexo filed a lawsuit against the Cayman Islands Monetary Authority, or CIMA, for denying its registration
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SushiSwap to create three DAOs in Panama and Cayman in business restructuring
The Sushi DAO, a decentralized autonomous organization behind crypto exchange SushiSwap, has approved a legal restructuring on Oct. 26 that creates three new decentralized entities, aiming to provide more flexibility to its operations.The proposal, which received 100% votes in favor, will create the DAO Foundation, the Panamanian Foundation, and the
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Blockchain.com wins registration next to parent firm on the Cayman Islands
Blockchain.com, one of the oldest Bitcoin (BTC) infrastructure firms, is strengthening regulation and compliance efforts by securing registration in the Cayman Islands.The blockchain wallet and cryptocurrency exchange platform Blockchain.com is expanding operations in the Cayman Islands after receiving registration from the Cayman Islands Monetary Authority (CIMA).Issued on July 6, the
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Tether (USDT) is Fully Backed – Moore Cayman Report
In brief:An independent report from Moore Cayman confirms that USDT is backed by actual fiatThe report cites Tether’s Consolidated Reserves Report of February 28th as being accurateTether’s consolidated assets exceed its consolidated liabilitiesThe team at Tether maintains that USDT has always been fully backedUSDT’s market cap recently exceeded $40 BillionA
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Cayman Islands Extends Regulatory Oversight to VASPs
The Ministry of Financial Services of the Cayman Islands defined Virtual Asset Service Providers to include cryptocurrency service providers which include but not limited to cryptocurrency exchanges, wallet service providers amongst others.The Ministry of Financial Services of the Cayman Islands has announced that it has commenced the regulations of Virtual
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Cayman Islands introduce regulations for virtual asset service providers
The Ministry of Financial Services of the Cayman Islands Government announced that it has commenced a regulatory framework for virtual asset service providers, or VASPs.In an Oct. 31 press release, the ministry claimed that the move had strengthened the country’s “ability to regulate and attract persons and entities that deal
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Cayman Islands Announces Legal Framework in Bid to Attract Crypto Businesses
The Cayman Islands is building a regulatory framework for "virtual asset service providers" with some measures already enacted. Source
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Noted Tax Haven Cayman Islands Sees New Bills to Bring Local Crypto to FATF’s Heel
On April 28, the legislative assembly of the Cayman Islands gazetted five new pieces of legislation governing crypto businesses — especially exchanges. How the new legislation would change the Cayman Islands’ crypto industryThe Virtual Asset Service Provider Bill would establish definitions and registration requirements for companies providing crypto services including exchanges,
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