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Cayman Islands Now Requires Licensing for Crypto Custody and Trading Companies

The Cayman Islands has introduced new licensing requirements for companies providing custody and trading services in the crypto sector. Effective from April 1, 2025, firms must apply for licenses, submitting details about the cryptocurrencies they handle and how they secure them. This update follows earlier regulations aimed at attracting crypto businesses, and marks an evolution in the jurisdiction’s regulatory framework to enhance security and transparency in the industry.

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