By Athos Myrianthous Before the implementation of the Markets in Crypto-Assets Regulation (MiCAR), Crypto-Asset Service Providers (CASPs) in Cyprus were registered and operated pursuant to the local CASP regime, ‘Prevention and Suppression of Money Laundering and Terrorist Financing Laws 2007-2021’. On the 17th of October 2024, the Cyprus … [Read more...] about CySEC CASP Authorisation Applications under MiCAR
Crypto-Assets
MiCA and Investor Protection: A Comprehensive Framework
The Markets in Crypto-Assets Regulation (MiCA), adopted by the European Union (EU), is a comprehensive legislative framework to regulate the fast-growing crypto-asset market, enhancing investor protection and promoting market transparency. By setting clear guidelines for transparency, security, and information disclosure, MiCA aims to create a … [Read more...] about MiCA and Investor Protection: A Comprehensive Framework
Navigating the EBA Travel Rule Guidelines for Crypto Assets Service Providers
By Athos Myrianthous Executive Director, MAP Fund Management Services (MAP FMS) __________________________________________________________________________________ Origin of the Travel Rule The ‘Travel Rule’ has its origins in wire transfers. The Financial Action Task Force (FATF) revised its Recommendation 16 in 2012 to ensure that … [Read more...] about Navigating the EBA Travel Rule Guidelines for Crypto Assets Service Providers
Have you missed the Article 60 deadline of MiCA?
By Kyriakos Christofidis Associate Director, Complyport Article 60 of MiCA focuses on the authorisation and notification procedures for financial entities wishing to provide crypto-asset services. The said article was designed to ease the process for existing authorised/registered CASPs and outlines the steps to take once MiCA takes full … [Read more...] about Have you missed the Article 60 deadline of MiCA?
The European Union is set to outlaw decentralised mixers and compel cryptocurrency firms to closely monitor users, dealing a significant blow to the anonymity offered by decentralized finance (DeFi)
By Kyriakos Christofidis Assistant Director, Complyport A cryptocurrency mixer enhances transaction privacy by pooling and mixing funds from multiple users, making it difficult to trace the original source of the cryptocurrency. Users deposit funds, which are then mixed with others' and withdrawn, obscuring the transaction history. However, … [Read more...] about The European Union is set to outlaw decentralised mixers and compel cryptocurrency firms to closely monitor users, dealing a significant blow to the anonymity offered by decentralized finance (DeFi)