Is Cryptocurrency security - the Mauritian and USA perspectives?
As any of the emerging technologies, cryptocurrency has been disruptive to the market and has challenged regulators globally. Unsurprisingly, it has been commented that “a little more than a decade ago, cryptocurrencies were essentially an academic concept. The idea seemed far-fetched to most people. But that all changed in 2009 with the creation of Bitcoin …/… [today] the world’s cryptocurrency market is worth more than USD 3 trillion …/… there’s no question that crypto is here to stay, and it will undoubtedly continue to disrupt countless industries ”.
On 16 July 2024, the Securities and Futures Commission (SFC) released consultation conclusions on its proposed subsidiary legislation, code and guidelines for implementing an uncertificated securities market (USM) in Hong Kong.
Snapshot of Recent Updates to the Virtual Assets Regime in the Cayman Islands
The Cayman Islands Monetary Authority (CIMA) – the regulatory authority for virtual assets – has recently published new legislation and guidance enhancing the virtual assets regulatory regime in the Cayman Islands. In this snapshot, we summarise the key changes.
Seychelles: Clarity on treatment of Virtual Asset based Contract of Differences
The Seychelles Financial Services Authority (the FSA) via Circular No. 3 of 2025 has provided much awaited clarity in respect of treatment of Contract for Differences (CFD) where the underlying asset is a Virtual Asset (VA) as defined under the Virtual Asset Service Providers Act, 2024 (VASP Act).
Empowered Voices: Caymanian Women Leading the Way at Appleby
The Cayman Islands is home to a dynamic community of women helping shape the legal industry. At Appleby, Caymanian women excel at every level, inspiring the next generation to follow suit. These women are not just participants in their profession—they are leaders, innovators and trailblazers, serving on boards, earning industry accolades, and paving the way for future generations.
International Women’s Day 2025 roundtable: Rights. Equality. Empowerment.
As we recognise International Women’s Day 2025, we are reminded that gender equality is not just a vision – it’s a call to action.
Bermuda Monetary Authority’s proposed resilience code
The Bermuda Monetary Authority, which well understands the operational risks associated with financial service information technology and business process outsourcing, has recently introduced the new dimension of “operational resilience” to that sector’s risk governance.
Cayman Islands Regulatory Round Up - Winter 2024/2025 edition
Welcome to the Cayman Islands Regulatory Round Up: October 2024 – February 2025 This update covers recent Cayman Islands legal and regulatory developments in the Cayman Islands. It also examines key changes and their impact on individuals and financial services providers (FSPs) operating in and from within the Cayman Islands in 2025.
Bermuda: An Introduction to Dispute Resolution 2025
The stable, competitive regulatory and legal regime in Bermuda continues to ensure its place as a hub for international economic activity. The island also makes effective use of close transport networks, including to London (seven-hour flight), New York and Washington (two-hour flight).
The Utility of the Share Premium Account in Cayman Islands Exempted Companies
Cayman Islands exempted companies are valued for their flexibility and ease of operation. A key component of their appeal lies in the nuanced treatment of share capital and, particularly, the strategic uses of the share premium account.
Cayman Short Form Merger – is it a loophole?
Section 238 of the Companies Act (2025 Revision) (the “Act”) provides a statutory right for shareholders who dissent from a merger to be paid a judicially determined fair value for their shares in lieu of the merger consideration being offered by the merging company.
