Cayman Islands Tightens Crypto Regulations: Licensing Now Mandatory For Custody And Trading Firms
The Cayman Islands, long regarded as a haven for cryptocurrency businesses due to its favorable regulatory environment, is set to implement stricter oversight on firms providing crypto custody and trading services. Starting 1 April 2025, companies operating in this sector will be required to obtain licenses under the updated Virtual Asset (Service Providers) (Amendment) Regulations….