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Adding News story: Cayman Islands implemented licensing rules for crypto companies

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The Cayman Islands is implementing mandatory licensing for crypto custody and trading firms
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The Cayman Islands is implementing mandatory licensing for crypto custody and trading firms
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The Cayman Islands has introduced new crypto licensing regulations that will require virtual asset service providers (VASPs) offering custody and trading services to obtain approval from the Cayman Islands Monetary Authority.The Cayman Islands will require crypto custody and trading firms to obtain a license under new regulations taking effect on April 1, 2025
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Kf5X16QamZ1bPXngQV944K
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Cayman Islands Now Requires Licensing for Crypto Custody and Trading Companies
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Web URL
Web URL
https://www.coindesk.com/policy/2025/03/10/cayman-islands-now-requires-licensing-for-crypto-custody-and-trading-companies
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Web archive URL
Publish date
Publish date

Mar 10, 2025 - 12:00am

Description
Description
The new law will go into effect on April 1, 2025.
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Cayman Islands Now Requires Licensing for Crypto Custody and Trading Companies
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Article
Authors
Authors
Helene Braun
Publisher
Publisher
CoinDesk
Cayman Islands implemented licensing rules for crypto companies
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Summary

Publish date
Publish date

Mar 10, 2025 - 12:00am

Description
Description
​The Cayman Islands will require all cryptocurrency custody and trading firms to obtain licenses starting April 1, 2025. Existing firms must apply by June 29, 2025, detailing asset security measures and operational specifics.
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Cayman Islands implemented licensing rules for crypto companies
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Sources
Cayman Islands tightens crypto rules with mandatory licenses starting April 1Cayman Islands Now Requires Licensing for Crypto Custody and Trading Companies
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Policy & regulations
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03/10/2025Week 11 of 2025
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Faridah
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News story
The Cayman Islands will require crypto custody and trading firms to obtain a license under new regulations taking effect on April 1, 2025
Current version
Proposed edits
Name
Name
The Cayman Islands will require crypto custody and trading firms to obtain a license under new regulations taking effect on April 1, 2025
Sources
Sources
Cayman Islands Now Requires Licensing for Crypto Custody and Trading Companies
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The stricter Crypto licensing regulations in the Cayman Islands may however disadvantage smaller crypto firms while benefiting larger, well-funded companies giving them a competitive advantage.
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The stricter Crypto licensing regulations in the Cayman Islands may however disadvantage smaller crypto firms while benefiting larger, well-funded companies giving them a competitive advantage.
Companies will have a 90-day compliance window, which extends until July 1, 2025, to meet the necessary requirements
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Companies will have a 90-day compliance window, which extends until July 1, 2025, to meet the necessary requirements
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Sources
Cayman Islands implemented licensing rules for crypto companies
Types
Types
Quote
The Cayman Islands has introduced new crypto licensing regulations that will require virtual asset service providers (VASPs) offering custody and trading services to obtain approval from the Cayman Islands Monetary Authority.
Current version
Proposed edits
Name
Name
The Cayman Islands has introduced new crypto licensing regulations that will require virtual asset service providers (VASPs) offering custody and trading services to obtain approval from the Cayman Islands Monetary Authority.
Types
Types
Quote
Sources
Sources
Cayman Islands implemented licensing rules for crypto companies
Cayman Islands tightens crypto rules with mandatory licenses starting April 1
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Web URL
Web URL
https://cryptoslate.com/cayman-islands-tightens-crypto-rules-with-mandatory-licenses-starting-april-1/
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Web archive URL
Publish date
Publish date

Mar 10, 2025 - 12:00am

Description
Description
The updated regulatory framework aims to attract reputable firms while increasing scrutiny on crypto operations.
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Name
Cayman Islands tightens crypto rules with mandatory licenses starting April 1
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Publisher
Publisher
CryptoSlate
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Types
Article
Authors
Authors
Assad Jafri
The stricter Cayman Islands crypto regulation and licensing rules aim to raise compliance standards in the Cayman Islands’ crypto sector, attracting established firms while filtering out those unable to meet the regulatory requirements.
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Name
The stricter Cayman Islands crypto regulation and licensing rules aim to raise compliance standards in the Cayman Islands’ crypto sector, attracting established firms while filtering out those unable to meet the regulatory requirements.
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Claim