The Cayman Islands has introduced new regulations requiring crypto firms offering custody and trading services to obtain approval from the Cayman Islands Monetary Authority by April 1, 2025. The rules aim to align with international standards, improve market integrity, and strengthen investor protections. Firms have until July 1, 2025, to comply with the new requirements, which include disclosing digital assets, revenue projections, and cybersecurity plans. The regulations are expected to reshape the crypto sector in the Cayman Islands, attracting established firms while potentially posing challenges for smaller players.

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