Crypto.com Gains Cayman Clearance as Island Jurisdiction Draws Global Web3 Firms
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- Crypto.com received conditional VASP approval from the Cayman Islands Monetary Authority on January 5.
- Cayman has tightened crypto rules, requiring licences for trading and custody platforms.
- Industry experts say major exchanges seeking licences signal trust in Cayman’s framework.
A cryptocurrency exchange has moved closer to full regulatory clearance in the Cayman Islands, highlighting the territory’s growing role in global digital asset regulation.
On January 5, Crypto.com said it received conditional approval for a Virtual Asset Service Provider (VASP) licence from the Cayman Islands Monetary Authority. Crypto.com said it now serves more than 150 million users worldwide.
Cayman Tightens Crypto Rules
The Cayman Islands has steadily raised regulatory standards for digital asset companies. Earlier rules required registration, but recent updates now requir…
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