About the Regulatory Blog and our contributors
The Regulatory Blog is an informal and up to date news and information service of key regulatory developments in our jurisdictions: the BVI, the Cayman Islands, Anguilla, Bermuda, Cyprus, and Luxembourg. We intend to include the latest financial services, anti-money laundering, sanctions and related developments within our remit.
${totalItems} results
${customFilterHeading} Showing ${showingItems} of ${totalItems} results ${searchTerm}
${facet.Name} (${facet.TotalResults})
CySEC mandatory survey for regulated entities active in crypto-assets
On 26 June 2024, the Cyprus Securities and Exchange Commission issued Circular 648 informing regulated entities about the notification procedure under Article 60 of Regulation 1114/2023 on markets in crypto-assets.
10 Jul 2024
New EBA regulations strengthen governance, conflict management and remuneration policies for crypto assets
On 6 June 2024, the European Banking Authority enhanced the regulatory framework for crypto assets by publishing a package with three new regulatory products under the Markets in Crypto-Assets Regulation. These products focus on governance, conflicts of interest and remuneration aiming to create a transparent, secure, and well-regulated market in crypto assets.
03 Jul 2024
ESMA publishes final report on crypto-asset service providers’ conflict of interest rules
On 31 May 2024, the European Securities and Markets Authority released its final report on draft regulatory technical standards on conflicts of interest rules for crypto-asset service providers under the Markets in Crypto Assets Regulation.
17 Jun 2024
Cayman Islands regulatory framework for Virtual Asset Service Providers: Registration and Licensing Guidelines
The Cayman Islands Monetary Authority (CIMA) released its regulatory policy establishing criteria for approving the registration or licensing of virtual asset service providers (VASPs) as per the Virtual Asset (Service Providers) Act (VASP Act). This policy has been published in the official gazette on 15 May 2024.
30 May 2024
ESMA Report: Understanding crypto asset markets and implications for EU regulation
On 10 April 2024, the European Securities and Markets Authority published an extensive article “Crypto assets: Market structures and EU relevance” offering a comprehensive analysis of trends within secondary markets for crypto assets.
07 May 2024
Streamlining licensing for Cyprus Investment Firms – MiFID II and MiCA
At present, Cyprus-based crypto exchanges that wish to provide services both in relation to spot crypto products and financial instruments such as crypto derivatives are subject to dual-licensing under the local AML legislation and the traditional investment services regime implementing EU Directive 2014/65/EU. The Cyprus Securities and Exchange Commission administers both regimes.
25 Apr 2024
Harneys BVI Regulatory team facilitates approval for a leading cryptocurrency market maker under VASPA
Our BVI Regulatory team recently advised Portofino Technologies Global, a prominent cryptocurrency market maker, in successfully securing approval from the Financial Services Commission under the Virtual Assets Service Providers Act.
11 Apr 2024
ESMA releases third consultation package on MiCA
On 25 March 2024, the European Securities and Markets Authority released its third consultation package concerning the regulation of Markets in Crypto-Assets.
05 Apr 2024
Cayman Islands advances Virtual Asset Regulation through collaborative consultation
On 28 February 2024, the Cayman Islands Ministry of Financial Services and Commerce is seeking feedback on proposed amendments to the Virtual Asset Service Providers Act via online tool, GitHub.
28 Mar 2024