Cayman Islands conditionally approves Crypto.com VASP license

Global cryptocurrency exchange Crypto.com has received conditional approval for a Virtual Asset Service Provider (VASP) license from the Cayman Islands Monetary Authority, Crypto Briefing reported. According to the report, Crypto.com first registered for the license in 2022. The approval follows the Cayman Islands' implementation of a stricter licensing regime for crypto custody and trading platforms, which was introduced in April last year.