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Introduction
Our Digital Assets Practice provides comprehensive offshore expertise on Blockchain, cryptocurrencies and digital assets on Cayman Islands law and BVI law.
The Cayman Islands are one of the most popular jurisdictions in the world for Blockchain related businesses and cryptocurrency funds, with the largest initial coin offering (ICO) ever recorded and a growing ecosystem of blockchain technology companies.
Our attorneys are very experienced in this fast-paced and rapidly growing industry and ready to assist with:
- Counseling clients on their initial coin or token offerings or security token offerings (ICOs/ITOs/STOs) in the Cayman Islands, including structuring issues, SAFT/SAFTE agreements, reviewing the White Paper and the terms and conditions of the blockchain platform, and drafting the token sale documentation
- Advising clients on issues related to offshore investment funds investing in digital assets and specific risk factors
- Advising on tokenized funds investing in venture capital or real estate
- Advising on corporate, financing and intellectual property issues related to investments in blockchain companies and joint venture projects
- Advising token issuers and cryptocurrency funds on compliance with the Cayman Islands Anti-Money Laundering (AML) regulations.
News and Insights
Key factors for launching a virtual assets business in the BVI
The British Virgin Islands (“BVI”) continues to attract virtual assets businesses seeking to capitalize on its status as a leading offshore financial centre. Unlike many other jurisdictions that have either prohibited certain types of virtual assets or imposed material restrictions on them, the BVI has become renowned as…
BVI treatment of DAOs in insolvency
By way of an update on our recent publication (which can be found here) that the Financial Action Task Force (FATF) had determined that the Cayman Islands has substantively fulfilled its action plan, and following completion of a recent on-site visit by the FATF, the Cayman Islands has…
Crypto Regulation
Regulation of crypto exchanges and other crypto services in the Cayman Islands The Virtual Asset (Service Providers) Act, 2020 (VASP Act) as amended, provides a legislative framework for the conduct of virtual assets busi¬ness in the Cayman Islands, and the registration and licensing of persons providing virtual asset…
Legal Alert: Persons carrying on Business as Virtual Assets Service Providers Act in the BVI.
The Virtual Assets Service Providers Act 2022 (the “VASP Act”) was enacted in the British Virgin Islands (“BVI”) on 1 February 2023. It creates the legal framework for the registration and supervision of Virtual Assets Service Providers (“VASPs”) operating in and from within the BVI.
Key factors for launching virtual assets business in BVI
The British Virgin Islands (BVI) continues to attract virtual assets businesses seeking to capitalise on its status as a leading offshore financial centre. Unlike other jurisdictions that have either prohibited certain types of digital assets or imposed material restrictions on them, the BVI has become renowned as the…
Digital Assets: Certain Cayman Islands law issues to consider
Based on our experience of advising initial coin offerings (ICOs) and security token offerings (STOs) and of undertaking legal due diligence for institutional clients seeking to acquire tokens in ICOs and STOs, in this brief update, we discuss a few of the issues that should be considered when…
Digital Assets. Five Questions to Ask Your Cayman Counsel
In our guidance note Top Ten Best Practices for an ICO Founders’ Team: A View from the Cayman Islands, ICO founder teams and promoters looking at the Cayman Islands for incorporation of their company or companies were warned that, while the Cayman Islands had flexible pragmatic rules encouraging…
