Cayman Islands Web3 foundations jump 70% as CARF reporting rules arrive
PositiveCryptocurrency

- The Cayman Islands has seen a 70% increase in foundation registrations as decentralized autonomous organizations (DAOs) seek legal structures in anticipation of the upcoming CARF reporting rules, set to be implemented in 2026. This surge reflects a growing interest in Web3 initiatives within the jurisdiction.
- This development is significant for the Cayman Islands as it positions the territory as a favorable environment for cryptocurrency and blockchain ventures, potentially attracting more investments and fostering innovation in the Web3 space.
- The rise in foundation registrations coincides with broader discussions on international cryptocurrency taxation, as various countries, including the U.S. and Brazil, are considering regulations that could impact how digital assets are managed globally. This trend highlights the ongoing evolution of cryptocurrency governance and compliance in response to emerging regulatory frameworks.
— via World Pulse Now AI Editorial System
