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Business
Cayman prepares for new global crypto reporting rules by 2027
Cayman joins the first cohort of jurisdictions adopting the OECD’s Crypto Asset Reporting Framework, aiming to maintain global compliance and potentially boost the financial sector.
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Cayman Compass
Lobster season is now open
Cayman’s lobster season opened 1 Dec., ushering in three months when residents and visitors can try their luck at catching the tasty crustaceans. They can also expect to see fresh lobster dishes appearing on local restaurant menus.
Strict rules remain in place to protect local stocks of the Caribbean spiny lobster (Panulirus argus), a species known as much for its ecological importance as for its culinary appeal. Only spiny lobster may be taken, and no harvesting is allowed inside marine protected areas.
“Any lobster taken must have a minimum tail length of six inches,” the Department of Environment said. “There is a take limit during the open season of three spiny lobster per person, per day, or six per boat per day – whichever is less.”
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