Tag: cryptocurrency
Scammers create fake Cayman Crypto Bank website
(CNS): Fraudsters have created a fake crypto bank that they claim is based in the Cayman Islands in another effort to separate people from their hard-earned cash. The Financial Reporting Authority (FRA) became aware of the “Cayman Crypto Bank” through the website www.caymancryptobank.com that fraudulently claims: “The Banking of the Future. Based in Cayman Islands. Cayman […]
Cryptocurrency property sale overseen by CIMA
(CNS): A real estate agent raised eyebrows across the community after conducting the first-ever sale of property where a buyer used cryptocurrency. The details of the sale and buyer haven’t been released, but the Cayman Islands Monetary Authority (CIMA) has said that the multi-million dollar deal conducted using virtual assess was above board because the […]
New rules expected to boost virtual assets sector
(CNS): The Cayman Islands’ ability to regulate and attract individuals and entities in the virtual assets market has been strengthened with the recent commencement of legislation for virtual asset service providers (VASPs), officials have said. They will also help Cayman comply with an important global review. A virtual asset is a digital representation of value […]
Cayman’s offshore rivals target crypto market
(CNS): As the global cryptocurrency sector heats up, job creating international investment is seeking out suitable jurisdictions and Cayman Islands’ offshore rivals are looking to steal a march on this growth by introducing crypto-friendly laws and legislation, with Bermuda in pole position. Bermuda’s government said recently that it wants to become one of the first […]
CIG preparing governance framework for cryptocurrencies
(CNS): The Cayman Islands Government is working on a framework of governance for cryptocurrencies and digital coin projects taking place in the jurisdiction while it considers how to implement a legislative framework for the sector, which has grown to over $400 billion in a few short years. Responding to questions from CNS, the Ministry of […]
ICO phenomenon demands regulatory attention
(CNS): After Bitcoin took investors on a rollercoaster ride last year, 2018 is shaping up to be the Cayman Islands’ biggest year for cryptocurrency funded startups — known as initial coin offerings (ICOs) — as companies around the world look to cash in on the digital asset explosion. Against this burst of activity, however, questions […]
