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BTCC / BTCC Square / Global Cryptocurrency /
Cayman Islands Introduces New Crypto Licensing

Cayman Islands Introduces New Crypto Licensing

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-03-10 18:40:43
0
The Cayman Islands is set to implement new cryptocurrency licensing regulations starting April 1, 2025. All virtual asset service providers (VASPs), including trading platforms and custody services, must obtain licenses from the Cayman Islands Monetary Authority (CIMA). Existing VASPs have until June 29, 2025, to submit their license applications. The updated regulations significantly expand the oversight of digital asset businesses operating in the Cayman Islands, introducing comprehensive licensing requirements for crypto custodians to disclose the types and amounts of virtual assets they hold, among other measures.
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