The Cayman Islands has implemented the OECD’s updated Common Reporting Standard (CRS) and the Crypto‑Asset Reporting Framework (CARF) with the relevant regulations taking effect from 1 January 2026.
The two regimes are complementary. CRS requires the reporting of account balances and information on payments and proceeds from the sales of defined assets, which now include certain types of crypto assets and electronic money.
CARF requires transaction‑based reporting of exchanges between Relevant Crypto‑Assets and Fiat currencies, exchanges between one or more forms of Relevant Crypto‑Asset and transfers of Crypto Assets. Existing Reporting Crypto‑Asset Service Providers must register with the Tax Information Authority by 30 April 2026.
Other notable changes to the CRS regime include the deadline for new FI registration changing to 31 January in the next calendar year following becoming a FI, all reporting moving to 30 June from 2027, and a requirement for principal points of contact to be Cayman Islands resident.
For a more comprehensive explanation, please see: Caribbean-Regulatory-Update-Q4-2025.pdf
posted 19 minutes ago
posted 43 minutes ago
posted 1 hour ago
posted 1 hour ago
posted 2 hours ago
posted 2 hours ago
posted 3 hours ago
posted 3 hours ago
posted 3 hours ago
posted 4 hours ago
posted 4 hours ago
posted 5 hours ago
Find the right Advisory Expert for your business
Sign up for the latest advisor briefings and news within Global Advisory Experts’ community, as well as a whole host of features, editorial and conference updates direct to your email inbox.
Naturally you can unsubscribe at any time.
Global Law Experts is dedicated to providing exceptional legal services to clients around the world. With a vast network of highly skilled and experienced lawyers, we are committed to delivering innovative and tailored solutions to meet the diverse needs of our clients in various jurisdictions.
Global Advisory Experts is dedicated to providing exceptional advisory services to clients around the world. With a vast network of highly skilled and experienced advisors, we are committed to delivering innovative and tailored solutions to meet the diverse needs of our clients in various jurisdictions.
Send welcome message
