Cayman Islands Web3 Foundations See 70% Surge Amidst New CARF Rules
The Cayman Islands has reported a 70% year-on-year increase in Web3 foundation registrations, surpassing 1,300 entities by the end of 2024.
This growth is driven by the need for legal structures for DAOs, offering liability protection and separate legal personality.
New CARF reporting rules from January 1, 2026, are expected to impact crypto service providers, but passive foundations may remain exempt, solidifying the jurisdiction's role as a Web3 hub.


Cryptovka
Cayman Islands Web3 Foundations Surge 70% Amidst New CARF Reporting Rules
The Cayman Islands have witnessed a remarkable 70% year-on-year increase in foundation company registrations, reaching over 1,300 entities by the c...








