Tag: cryptocurrency
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 […]
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 […]