M•advisory

TheCayman Islands Monetary Authority(CIMA) has introduced changes to the Virtual Asset Service Provider (VASP) application form on the REEFS portal, effective 8 July 2025. These updates to APP 101-84-05 aim to streamline the process for registration, licensing, and waivers—bringing improved clarity and efficiency to the application journey. The changes include: - Additional questions for better alignment with updated legislation - Clearer documentation requirements - A new Completion Guide to support applicants Key Reminders: - New applications must use the updated form as of 8 July. - A guide for use is available on the REEFS platform - Applications already in progress may still be completed using the existing version. If you need assistance or have any questions, you can reach out to the m.advisory team, or contact CIMA directly atVASPinfo@cima.ky.#OffshoreSimplified#CIMA#VASP#VirtualAssets#CaymanIslands#Compliance#FinTech#RegulatoryUpdate