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Cayman Islands updates its cryptocurrency regulatory framework, virtual asset platforms need CIMA license to provide services


2025-03-106373 Views
The Cayman Islands has updated its cryptocurrency regulatory framework, with the new licensing rules set to take effect on April 1, 2025. Under the 2025 Virtual Asset (Service Providers) (Amendment) Regulations, all entities providing virtual asset custody and trading platform services will need to obtain a license from the Cayman Islands Monetary Authority (CIMA). Existing Virtual Asset Service Providers (VASPs) must submit a license application within 90 days after the effective date.




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