Blockchain.com, the supplier of crypto options for merchants, funds, allocators, VCs, and crypto operators, introduced right now that it has secured registration in the Cayman Islands.
The firm can now present regulated custodial providers, function an trade, and provide OTC crypto brokerage providers for institutional shoppers underneath the Cayman Islands Monetary Authority (CIMA).
This registration is a part of Blockchain.com’s dedication to international compliance and regulation in each jurisdiction the place it operates. Further, it additionally helps Blockchain.com higher assist its institutional shoppers, which the firm experiences accounts for round half of its income.
“While some crypto companies have set up in the Bahamas or the British Virgin Islands, Blockchain.com has chosen Cayman for its belief in fostering innovation in crypto and finance and because so many financial institutions trust the rigor of the Cayman regulatory regime. As the cryptocurrency space matures, institutions need regulatory clarity more than ever. In reviewing how different locales handled crypto, CIMA stood out for its forward-thinking guidance around digital asset regulation, including its efforts to build a regulatory framework for virtual asset service providers.”
– The Blockchain.com Team
Next, Blockchain.com is trying to safe extra registrations in the U.S., Germany, Italy, France, and Spain.
For extra data see Blockchain.com’s registration on the CIMA registry for crypto corporations.