Crypto.com granted conditional approval to operate as a VASP in the Cayman Islands
Crypto Briefing
Crypto.com received conditional approval to operate as a Virtual Asset Service Provider in the Cayman Islands.Summary
Crypto.com announced it has received conditional approval from the Cayman Islands Monetary Authority (CIMA) to operate as a Virtual Asset Service Provider (VASP). This approval is a significant step, as Crypto.com is the first major digital asset firm to advance under the Cayman Islands' stricter licensing regime, which fully took effect in April 2025. The company, which initially registered as a VASP in 2022, anticipates securing full authorization within the coming months after completing all remaining requirements. CEO Kris Marszalek highlighted the achievement, stating that Crypto.com is proud to be an industry leader in regulatory compliance and licensing.
(Source：Crypto Briefing)