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#90 - Offshore & Crypto in the BVI, Caymans and Guernsey with Chris Duncan

Law of Code

CHAPTER

What Is the Scope of a Virtual Asset Service Provider?

The act applies to virtual asset services provided in or from within Cayman. And so if you have a Cayman company operating a centralized exchange or a custody business, then you're subject to the regime. I think no decentralized exchanges are custodial. They're all non-custodial. That's untested, but it's not clear what that means vis-a-vis a decentralized exchange operating from Cayman.

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