Keep up to date with the latest developments surrounding legal and corporate structuring trends in the web 3 space.

August 16, 2023

Cayman Islands DAO Foundation: The Premier Choice for DAO Legal Structures

The Cayman Islands Foundation Company is one of the most popular legal structures adopted by Decentralised Autonomous Organisations (DAOs) due to the flexibility and versatility of the structure.

August 16, 2023

Dubai Web 3 & AI License: A Simplified Guide for Entrepreneurs & Advisors

The introduction of the Dubai Web 3 License and Dubai AI License underscores DIFC's ambition to be at the forefront of global technological innovation. The Dubai Web 3 & AI license provides cost effective access to the DIFC common law freezone with subsidized licensing costs and reduced office space requirements.

June 23, 2023

Cavenwell Group shortlisted for Digital Assets Practice of the Year in STEP Private Client Awards 2023

Cavenwell Group shortlisted for Digital Assets Practice of the Year in STEP Private Client Awards 2023. The STEP Private Client Awards  are seen as the hallmark of quality within the private client industry. These prestigious Awards recognise and celebrate excellence among private client solicitors, lawyers, accountants, barristers, bankers, trust managers and financial advisors.

April 21, 2023

VARA and SCA Announce Licensing Applications and Deadlines for Virtual Asset Service Providers in Dubai

The Securities and Commodities Authority (SCA) has recently announced the start of accepting licensing applications for companies wishing to provide virtual asset services in the UAE. This development comes as the Virtual Assets Regulatory Authority (VARA) has also set clear requirements for the virtual asset (VA) sector in the emirate of Dubai.

April 18, 2023

ADGM's New DLT Foundations: A Game-Changer for DAOs and the UAE Crypto Industry

Abu Dhabi Global Market (ADGM) has recently published a consultation paper on its proposed Distributed Ledger Technology (DLT) Foundations Regulations 2023, aiming to create a tailored legislative framework specifically designed for Decentralized Autonomous Organizations (DAOs).

April 18, 2023

Exploring the Marshall Islands DAO LLC: A Revolutionary DAO Legal Structure

The Republic of the Marshall Islands (RMI) is swiftly becoming a global frontrunner in offering a favorable jurisdiction for registering Decentralized Autonomous Organizations (DAOs) with its innovative Marshall Islands DAO LLC legal structure.

February 7, 2023

Dubai’s VARA issues regulations for Virtual Assets

Dubai’s Virtual Asset Regulatory Authority (VARA), has issued its highly anticipated Virtual Assets and Related Activities Regulations 2023. The new regulations cover seven licensed VA activities.

February 1, 2023

Is Dubai the best option for Crypto Founders?

As crypto founders consider their strategies for taxes, regulations, and lifestyle, one common question they face is whether their home country is the best location for their projects or if they should look to relocate elsewhere. Dubai, in the UAE, is rapidly becoming the world's top crypto hub and a popular destination for market participants, such as investors, traders, and project founders.

January 19, 2023

Regulatory Change for UAE Crypto Businesses

The United Arab Emirates has seen considerable growth of its cryptocurrency and blockchain industry driven in part by the pro-active steps taken to introduce regulatory regimes for the sector. On 12 December 2022, the UAE Government issued Cabinet Resolution No.111 of 2022 on the regulation of Virtual Assets and Service Providers which came into force on 15th January 2023.

September 15, 2022

British Virgin Islands Crypto Regulation Updates - AML and VASP Law

Over the last 18 months, there has regularly been talk of the British Virgin Islands (BVI) introducing regulation for crypto and blockchain businesses as the jurisdiction seeks to align itself with international standards set by the Financial Action Task Force (FATF). 

August 4, 2022

British Virgin Islands Crypto License (and why it doesn't exist!)

We often receive enquiries from projects who have heard about a British Virgin Islands (BVI) license for crypto and ask us to assist with obtaining one. In fact if you google “BVI Crypto License” you’ll find a number of providers offering to obtain crypto and blockchain licenses in the BVI.The truth however, is that no such thing exists!

August 3, 2022

British Virgin Islands (BVI) for crypto and blockchain

The British Virgin Islands (BVI) have become the jurisdiction of choice for many blockchain and crypto businesses seeking to establish corporate structures to carry out a range of activities from token offerings to crypto exchanges through to DeFi, dApps, NFT sales and marketplaces.