Follows CAY GVT Nov. 2024 issuance of revenue and virtual asset bills, see #233846.
Regulations
Adds new Regulation 4a, inserts new Schedule 1A, both entitled Application for license.
Replaces Regulation 5 to state fees payable under the act are set out in Schedule 2.
New Schedule 1A, Application for license, gathers applicant's general information, information on virtual asset custodian and virtual asset trading platform operators.
Also adds a new Schedule 2 entitled Virtual asset service registration and license fees.
Effectiveness
These regulations come into force immediately after the Virtual asset (service providers) (amendment) Act, 2024 comes into force, i.e., effective on Apr. 1, 2025.
