Is a crypto-asset provider, in Grenada

Virtual Asset Business Act, 2021 (Act No. 7 of 2021), s. 11(6)(b) · Read the law's page

• This binds a person registered with the Grenada Authority for the Regulation of Financial Institutions (GARFIN) under the Virtual Asset Business Act, 2021 (Act No. 7 of 2021) to offer or operate virtual asset business in or from Grenada: exchange between a virtual asset and fiat currency, exchange between forms of virtual assets, transfer of a virtual asset, safekeeping or administration of a virtual asset, or participation in or provision of financial services related to an issue or sale of a virtual asset (sections 2(1), 3 and 4(1)) (reached by declaring that you are a crypto-asset provider).
• Implement and maintain policies for the virtual asset business to protect the operations of the registrant, and the personal information the registrant collects and stores, from cyber threats (section 11(6)(b)); this duty is stated separately from the policy duty on the collection, storage, use and disclosure of a client's personal information in section 11(6)(a).