The end of the transition period brings stricter oversight of anti-money laundering compliance, customer protection, and the operations of crypto service providers.
- Cyprus has fully implemented the EU's Markets in Crypto-Assets (MiCA) Regulation, requiring all crypto service providers to obtain authorization.
- CySEC has licensed 22 Crypto-Asset Service Providers (CASPs) and is scrutinizing AML/CFT compliance, customer protection, and operations.
- Unauthorized providers risk regulatory action, and customers using them lack MiCA's safeguards, highlighting the importance of verifying company authorization.
Topics: Legal regulatory, Jurisdictions, Blockchain usage, Securities law classification, Regulatory sandboxes pilots, Ethereum evm l 1 s
Tags: #mica #cyprus #cysec #cryptoassetserviceproviders #casps #aml #customerprotection #esma #assetreferencedtokens #electronicmoneytokens
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