VASP Registration and Licence Applications

For over a decade, Campbells’ have advised many high-profile and innovative international businesses in this space, including crypto exchanges and investment funds. 

Our Blockchain & FinTech team has extensive experience guiding clients through every stage of the VASP registration and licensing process in both the Cayman Islands and the British Virgin Islands. We advise on the initial classification of virtual asset activities to determine whether a registration or a licence is required, and we assist clients in preparing and submitting their full applications. This includes advising on corporate structuring, governance frameworks, anti-money laundering and counter-terrorist financing policies, and operational requirements. 

Having been closely involved in developing the applicable legislation, our team has a deep understanding of the legislative intent behind the regimes and the practical expectations of regulators. We are well-positioned to anticipate and address any queries or concerns that may arise during the application process. 

Beyond initial registration and licensing, we also advise existing VASP registrants and licensees on ongoing compliance obligations, regulatory reporting, and applications for variations to the scope of their authorised activities. Our team regularly acts for major international crypto exchanges, custodians and trading platforms, giving us a clear view of market standards and best practice. 

In a fast-moving regulatory environment, Chambers & Partners notes that we are “exceptionally strong on Cayman regulations and very sensitive to the structuring needs of international clients”.