Cyprus not to accept new crypto service applications in line with new EU rules

By Petros Petrides

World
Friday, 18 Oct 2024
4:08 AM MYT

NICOSIA, Oct. 17 (Xinhua) -- Cyprus' Security and Exchange Commission (CySEC) said on Thursday that it will no longer accept new applications for registration of Crypto-Asset Service Providers (CASPs).

CySEC said its decision is in line with new national rules and also the EU's Regulation for Markets in Crypto-Assets (MiCAR), which takes effect on Dec. 30, 2024.

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