Odaily Planet Daily News According to the updated regulations "Virtual Asset Service Providers (Amendment) Regulations" which will come into effect on April 1, 2025, the Cayman Islands will require cryptocurrency custody and trading companies to obtain licenses to operate. 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)