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Blockchain.com wins registration next to parent firm on the Cayman Islands

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cointelegraph.com

Blockchain.com, one of the oldest Bitcoin (BTC) infrastructure firms, is strengthening regulation and compliance efforts by securing registration in the Cayman Islands.The blockchain wallet and cryptocurrency exchange platform Blockchain.com is expanding operations in the Cayman Islands after receiving registration from the Cayman Islands Monetary Authority (CIMA).Issued on July 6, the registration officially authorizes Blockchain.com to provide custodial services, operate an exchange, and offer over-the-counter crypto brokerage services for institutional clients under the CIMA’s regulatory framework.

Blockchain.com’s chief business officer Lane Kasselman pointed out that the Cayman Islands is an important jurisdiction for the company’s business as the local community and regulators have fostered a “robust blockchain business ecosystem.”Kasselman also told Cointelegraph on Tuesday that the Cayman Islands is a country that homes Blockchain.com’s parent firm, Blockchain Group Holdings, stating:The latest registration is part of Blockchain.com’s broader commitment to global compliance and regulation in every jurisdiction of the platform’s presence, including the United States.

Read more on cointelegraph.com
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