CAY GVY Ministry of Financial Services published bills to implement revenue-raising measures, and to implement phase 2 of virtual asset services regulatory framework.
Bills generally provide that certain application and licensing fees are non-refundable.
Legislation
To promote financial technology capabilities, a series of Bills was gazetted on Nov. 15; will be presented by financial services minister at next Legislative Assembly meeting.
Virtual asset bill provides regulatory basis for phase 2 of virtual asset service providers (VASPs) regime, re licensing regime for trading platforms and virtual asset custodians.
Dec. 2024 CAY GVT Legislation Commencement
On Dec. 19, 2024, CAY GVT published Gazette 47/2024 announcing Jan. 1, 2025 commencement and final text for various bills issued by Ministry of Financial Services.
