Bitcoin-backed property investment becomes new avenue for Cayman Islands residency By Cointelegraph

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The Cayman Islands has long been an idyllic beach getaway for tourists, but the archipelago could soon welcome (BTC) holders as new residents through BTC-backed loans used to invest in real estate.

Bitcoin banking firm Ledn, which is registered with the Cayman Islands Monetary Authority as a virtual assets service provider (VASP), is providing an avenue for Bitcoin holders to use their BTC as collateral for loans to invest in real estate on the islands.