Cayman Islands
| Use attributes for filter ! | |
| Capital | George Town |
|---|---|
| Dialing code | +1 |
| Currency | Cayman Islands dollar |
| Ethnic groups (2011) | Asian |
| Date of Reg. | |
| Date of Upd. | |
| ID | 908129 |
About Cayman Islands
The Cayman Islands, a British Overseas Territory, encompasses 3 islands in the western Caribbean Sea. Grand Cayman, the largest island, is known for its beach resorts and varied scuba diving and snorkelling sites. Cayman Brac is a popular launch point for deep-sea fishing excursions. Little Cayman, the smallest island, is home to diverse wildlife, from endangered iguanas to seabirds such as red-footed boobies.
Cristiano Ronaldo faces $1bn lawsuit over Binance ads
... The claimants allege that Ronaldo s promotion of Binance led to a "500% increase in searches" for the crypto exchange, which is registered in the Cayman Islands...
Binance chief pleads guilty to money laundering
... Binance, which is registered in the Cayman Islands, is known as the world s largest platform for buying and selling cryptocurrencies and other digital assets...
Gigi Hadid arrested over drug possession in Cayman Islands
...By Rachel RussellBBC NewsAmerican model Gigi Hadid was arrested and fined in the Cayman Islands earlier this month over cannabis possession, it has been revealed...
Unesco world heritage status: Seven sites win UK backing
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Biodiversity: Row over funding threatens to stall talks
... " The conservation projects range from supporting endangered sea turtles on the Cayman Islands to reintroducing threatened birds to the Falkland Islands...
FTX: Court says Sam Bankman-Fried ran FTX as a 'personal fiefdom'
... Company records show FTX customers were based in 27 separate countries with Cayman Islands, Virgin Islands, Great Britain and China having the highest proportion of users...
Inside the capture of a Russian oligarch's superyacht
... The boat, which had flown the colours of the Cayman Islands, would now sail under the American flag...
Floridians brace for 'strengthening' Hurricane Ian
... Ian was forecast to move northwest through the Caribbean, near Cuba and the Cayman Islands, and reach the state s west coast by Wednesday...
Binance chief pleads guilty to money laundering
By James ClaytonBBC North America technology reporter
The chief executive of Binance, Changpeng Zhao , has resigned after Pleading Guilty to Money Laundering .
" I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself" He Said in a post on X.
The Justice Department said it was requiring Binance, the largest crypto-exchange in The World , to pay $4. 3bn (£3. 4bn) in penalties and forfeitures.
It said Binance had helped users bypass sanctions across The World .
" Binance enabled nearly $900 million in transactions Between Us and Iranian users, and facilitated millions of dollars in transactions Between Us users and users In Syria , and in The Russian occupied Ukrainian regions of Crimea, Donetsk and Luhansk" a spokesperson said.
Binance, which is registered in the Cayman Islands , is known as The World 's largest platform for buying and selling cryptocurrencies and other digital assets.
In March, US regulators sought to ban it, alleging that The Firm had been operating in the country illegally.
The lawsuit from the Commodity Futures Trading Commission (CFTC) said The Firm cultivated US business while failing to register properly with authorities.
It accused Binance of breaking numerous US financial laws, including rules intended to thwart Money Laundering .
At The Time , Binance defended its practices.
It said it had made " significant investments" to ensure that US users were not active on The Platform , including blocking users identified as American citizens or residents, or who had a US mobile number.
The Firm was also hit with another lawsuit in June.
The Company was accused of a " web of deception" by The Securities and Exchange Commission (SEC). The Agency said the trading platform and Zhao, its founder, ignored The Rules meant to protect investors, in order to keep operating in the US.
At The Time , Binance said it would defend itself " vigorously".
US authorities had pledged to use existing laws to root out fraud and other issues in the crypto industry, especially after the dramatic collapse of Binance rival FTX Last Year .
Earlier this month Sam Bankman-Fried, The Founder of FTX, was found guilty of fraud.
Related TopicsSource of news: bbc.com
