The Virtual Asset (Service Providers) (Amendment) Act, 2025 amends the definition of “issuance of virtual assets” or “virtual asset issuance” to mean “the sale of newly created virtual assets to the public in or from within the (Cayman) Islands in exchange for fiat currency, other virtual assets or other consideration” but will not include the sale of virtual service tokens or the issuance of an equity interest as defined under the Mutual Funds Act (As Revised) and the Securities Investment Business Act (As Revised) or an investment interest as defined under the Private Funds Act (As Revised).
These amendments will be retroactive to any tokenisation of an equity interest or an investment interest that may have occurred prior to commencement of the Act.
This Act is not yet in force. It will come into force on such date as may be appointed by Order made by the Cabinet.
