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Conyers

VASP FAQs: Key Information for Cayman Islands Virtual Asset Service Providers

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The VASP Act defines “Virtual Assets” as digital representations of value that can be digitally traded or transferred and can be used for payment or investment purposes. Digital representations of fiat currencies (which is...more

Walkers

Global Legal Insights Fintech 2024: Jersey chapter

Walkers on

Financial technology is already well established in Jersey, and firms are embedding technological solutions which enhance their products and services, increase efficiencies, and provide greater transparency. Originally...more

Walkers

Guernsey's consumer lending, financial firm business, virtual assets and financial platforms licensing regimes

Walkers on

From 1 July 2023, the Lending, Credit and Finance (Bailiwick of Guernsey) Law, 2022 (the "LCFL") came into full effect, replacing and expanding upon the previous now repealed regime under the Registration of Non-Regulated...more

Walkers

Guernsey Approves New Virtual Asset Service Provider & Consumer Lending Law

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The States of Guernsey has approved the Lending, Credit and Finance (Bailiwick of Guernsey) Law, 2022 (the “LCFL”) which will regulate various virtual asset service providers (“VASPs”) and financial services businesses...more

King & Spalding

A One-Way Rachet: FATF Regulation of Cryptocurrency and Decentralized Finance

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As cryptocurrency, decentralized finance (DeFi), and other uses of blockchain technology continue to proliferate, global regulators are grappling with how best to regulate their use. We have previously written about the...more

King & Spalding

FATF Releases Proposed Updates to Cryptocurrency Regulation Guidance

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On March 19, 2021, the Financial Action Task Force (“FATF”), an intergovernmental body tasked with setting international standards aimed at preventing money laundering and terrorist financing (“FATF Standards”), released its...more

Latham & Watkins LLP

Investors Welcome ADGM’s Guidance on Dedicated Cryptoasset Framework

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The Abu Dhabi Global Market’s Guidance clarifies and expands FSRA expectations for OCAB Framework license holders. In June 2018, the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA) unveiled a...more

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