#vasp act

[rwatimes]

Guide to setting up a tokenised fund in the Cayman Islands | Cayman Finance

This guide summarises the Cayman Islands framework and practical considerations for launching a tokenised investment fund under the statutory regime

➤ The Cayman Islands has established a comprehensive statutory framework for tokenized funds, including new definitions and amendments to existing acts. ➤ Tokenized funds regulated under the Mutual Funds Act or Private Funds Act are now explicitly confirmed not to require separate regulation under the VASP Act. ➤ The jurisdiction offers benefits such as familiarity, a robust legal framework for digital assets, and a proven track record, making it an attractive location for launching tokenized investment funds.

[rwatimes]

Kenya Central Bank Builds VASP Team to Enforce Crypto Rules.

Kenya is entering a decisive phase in its approach to cryptocurrency regulation. The Central Bank of Kenya (CBK) has begun recruiting a dedicated supervision team for virtual asset service providers (VASPs), marking the first concrete operational step toward enforcing the country’s 2025 crypto law. The move signals that regulation is no longer theoretical. Even before […]

➤ The Central Bank of Kenya (CBK) is establishing a dedicated supervision team for Virtual Asset Service Providers (VASPs) to enforce its new crypto law. ➤ This move signifies a shift from a cautious stance to active regulation, with the CBK recruiting for roles in licensing, compliance, and regulatory analysis. ➤ The initiative aims to manage risks such as financial crime and cybersecurity, while also fostering innovation and potentially positioning Kenya as a leader in digital finance.