You run an exchange serving the Cayman Islands. Registration, staking treatment and transfer-information rules set the shape of your compliance year.
Information, not advice
This page is information, not legal advice about your matter. A retainer begins only when a lawyer confirms it.
Start here
Know which rules already apply to you, before you add anything new
Adding a service changes what your CIMA registration under the VASP Act covers. Checking where you stand first is cheaper than correcting it later.
What to work through, in order
Registration and licensing
Registration or licensing with CIMA under the VASP Act, depending on the activity and whether you provide custody or operate a trading platform. The two tiers carry different obligations.
Staking, lending and yield
Yield arrangements can constitute a mutual fund or private fund, bringing them within CIMA’s fund regimes rather than only the VASP Act. Structure and marketing are assessed together.
Transfer information and record keeping
The Anti-Money Laundering Regulations apply travel rule requirements to virtual asset transfers, with reporting to the Financial Reporting Authority and prescribed retention periods.
Next steps
What happens if you go ahead
Scoping call
Written scope and fixed-fee quote
Engagement, once a lawyer confirms
Who would handle it
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