New Cayman Islands regulations to take effect on April 1 will require cryptocurrency custodians and trading companies to obtain licenses

CoinRank News: According to new regulations that will take effect on April 1, 2025, the Cayman Islands will require cryptocurrency custody and trading companies to obtain licenses. Companies already operating in the country must submit applications by June 29, 2025, detailing asset security measures and operational details. It is reported that major cryptocurrency companies such as Coinbase, Binance and Bitwise have already obtained licenses in the Cayman Islands, and some companies such as Sui Foundation have established headquarters there. (Coindesk)