Duty LXD-8084
Is a crypto-asset provider, in Antigua and Barbuda
Antigua and Barbuda Digital Assets Business Act 2020, Security of an Initial Digital Asset Offeringfrom a date not yet set2 lines
Digital Assets Business Act, 2020 (No. 16 of 2020), Sch. I, para. 12 · Read the law's page
- This Act has been enacted and comes into effect on a day to be appointed by the Minister by Notice published in the official Gazette (section 1(2)), and no commencement notice has been located. When it is in effect this duty binds a licensee that conducts an initial digital asset Offering under the Act (reached by declaring that you are a crypto-asset provider).
- Ensure that appropriate mechanisms are in place in respect of the security of digital assets issued to recipients, confidentiality, disclosure of information and connected matters, and that applicable Antigua and Barbuda laws are complied with in these respects (Schedule I, paragraph 12(2)).
Antigua and Barbuda Digital Assets Business Act 2020, Compliance Officer Report of a Cyber Reporting Eventfrom a date not yet set3 lines
Digital Assets Business Act, 2020 (No. 16 of 2020), ss. 2(1) and 23 · Read the law's page
- This Act has been enacted and comes into effect on a day to be appointed by the Minister by Notice published in the official Gazette (section 1(2)), and no commencement notice has been located. When it is in effect it binds a licensed undertaking carrying on digital asset business in or from within Antigua and Barbuda, through its compliance officer (reached by declaring that you are a crypto-asset provider).
- Have your compliance officer notify the Office of National Drug and Money Laundering Control Policy forthwith, in the manner it directs, on coming to know of, or having reason to believe in, a cyber reporting event, meaning any act that results in unauthorized access to, disruption, or misuse of your electronic systems or the information stored on them (section 23(1)(b) and (3)(f), section 2(1)).
- Within 14 days of that notification, have your compliance officer furnish the Commission with a report in writing setting out all the particulars of the case that are available to him (section 23(2)).