Insights
Keep up to date with the latest developments surrounding legal and corporate structuring trends in the web 3 space.
September 10, 2024
British Virgin Islands for Token Issuance & Web 3
The British Virgin Islands (BVI) have emerged as a top choice for blockchain and Web 3 projects, particularly in token issuance. With its flexible legal framework, tax-neutral environment, and robust privacy protections, the BVI provides an ideal jurisdiction for innovative decentralized projects. The introduction of the Virtual Assets Service Providers (VASP) Act in 2023 enhances the regulatory landscape, ensuring compliance while fostering blockchain innovation. This guide explores the benefits of setting up in the BVI, detailing its legal structures and why entrepreneurs are choosing the BVI for token issuance and Web 3 ventures.
August 27, 2024
Cayman Foundations for Token Issuance & Web 3
As blockchain technology and decentralized finance (DeFi) continue to evolve, the demand for robust legal structures that support global operations has intensified. Cayman foundations have emerged as a preferred solution, offering a unique blend of corporate and trust features that align with the decentralized ethos of blockchain projects. Established under the Cayman Islands Foundation Companies Act, 2017, these entities provide legal personality, limited liability, and flexibility, making them ideal for Decentralized Autonomous Organizations (DAOs) and other Web 3 initiatives. This guide explores the benefits of Cayman foundations for token issuance, DeFi, and more
July 5, 2024
Navigating VARA Licensing in Dubai: A Comprehensive Guide for Firms
Dubai has emerged as a global leader in blockchain and cryptocurrency innovation, thanks to its progressive regulatory framework. Central to this is the Dubai Virtual Assets Regulatory Authority (VARA), which provides a clear licensing regime for firms entering the virtual assets market. Understanding VARA licensing, including the process for obtaining a Dubai Crypto License and the option to establish a proprietary crypto trading license, is essential for businesses aiming for compliance and success in this dynamic environment.
June 14, 2024
Dubai's VARA Crypto Trading License: Everything You Need to Know
Learn everything you need to know about obtaining a Dubai VARA Crypto Trading License, including the licensing process, requirements, and how Cavenwell can assist you in navigating the regulatory landscape.
October 18, 2023
Best Countries for Token Issuance: Navigating Jurisdictions to Establish Your Token Issuance Entity
In the vibrant and global sphere of cryptocurrency, selecting the ideal token issuance jurisdiction for domiciling a token issuance entity or a "Token SPV" (Special Purpose Vehicle) is a pivotal decision with long-lasting implications. Unlike conventional ventures, crypto projects often cross geographical boundaries, making a strategic approach to jurisdiction selection imperative. The project's home state may not always serve as the most favourable choice, especially when targeting token sales across diverse regions worldwide.
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.