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Virtual Asset (Service Providers) (Amendment) Act, 2026\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_3\", \"num\": \"3.\", \"text\": \"Repeal of the Virtual Asset (Service Providers) (Amendment) Act, 2025 3. The Virtual Asset (Service Providers) (Amendment) Act, 2025 is repealed. Passed by the Parliament the 5th day of March, 2026. Hon. D. 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TO REPEAL THE VIRTUAL ASSET (SERVICES PROVIDERS)\n(AMENDMENT) ACT, 2025; AND FOR INCIDENTAL AND CONNECTED PURPOSES\nENACTED by the Legislature of the Cayman Islands.\n1.\nShort title\n1.\nThis Act may be cited as the Virtual Asset (Service Providers) (Amendment) Act,\n2026.\n2.\nAmendment of section 2 of the Virtual Asset (Service Providers) Act (2024\nRevision) - interpretation\n2.\nThe Virtual Asset (Service Providers) Act (2024 Revision) is amended in section 2(1)\nas follows \u2014\n(a)\nby deleting the definition of \u201c \u201cissuance of virtual assets\u201d or \u201cvirtual\nasset issuance\u201d \u201d and substituting the following definition \u2014\n(Act 4 of 2026)\nI Assent,\nJane Owen\nGovernor\nDate: 19th March, 2026\n\nSection 2\nVirtual Asset (Service Providers) (Amendment) Act, 2026\n\nPage 4\nAct 4 of 2026\nc\n\n\u201c \u201cissuance of virtual assets\u201d or \u201cvirtual asset issuance\u201d means the\nsale of newly created virtual assets to the public in or from within the\nIslands in exchange for fiat currency, other virtual assets or other\nconsideration, but does not include \u2014\n(a)\nthe sale of virtual service tokens; or\n(b) the issuance of \u2014\n(i)\na digital equity token by a tokenised mutual fund in\naccordance with the Mutual Funds Act (2025 Revision);\nor\n(ii) a digital investment token by a tokenised private fund in\naccordance with the Private Funds Act (2025 Revision);\u201d;\nand\n(b) by inserting, in the appropriate alphabetical sequence, the following\ndefinitions \u2014\n\u201c \u201cdigital equity token\u201d has the same meaning as in section 2 of the\nMutual Funds Act (2025 Revision);\n\u201cdigital investment token\u201d has the same meaning as in section 2 of\nthe Private Funds Act (2025 Revision);\n\u201ctokenised mutual fund\u201d has the same meaning as in section 2 of\nthe Mutual Funds Act (2025 Revision); and\n\u201ctokenised private fund\u201d has the same meaning as in section 2 of\nthe Private Funds Act (2025 Revision);\u201d.\n\nVirtual Asset (Service Providers) (Amendment) Act, 2026\nSection 3\n\nc\nAct 4 of 2026\nPage 5\n\n3.\nRepeal of the Virtual Asset (Service Providers) (Amendment) Act, 2025\n3.\nThe Virtual Asset (Service Providers) (Amendment) Act, 2025 is repealed.\nPassed by the Parliament the 5th day of March, 2026.\nHon. 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