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 Users deposit funds, which are then mixed with others' and withdrawn, obscuring the transaction history.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)
News & Articles
MAP FinTech Webinar – In anticipation of the EU EMIR REFIT launch
MAP FinTech recently held a highly informative webinar to prepare reporting entities for the upcoming EU EMIR REFIT go-live date. The team emphasised the need for reporting entities to provide Trade Repositories (TRs) with the LEI and contact email for Financial Counterparties (FCs) when reporting on a delegation basis. One of the key insights … [Read more...] about MAP FinTech Webinar – In anticipation of the EU EMIR REFIT launch
April 2024 Regulatory Roundup
Aligning MiFID II Matched Principal Trading Requirements to the Prudential Regulatory Framework for Investment Firms
By Panayiotis Antoniou, CEO, MAP Risk Management Services Ltd (MAP RMS) MiFID II introduced the definition of 'matched principal trading' as transactions where the facilitator never faces market risk, concluding at a break-even point after disclosed fees. Pre-MiFID II, such firms could operate with a €125,000 initial capital requirement, later … [Read more...] about Aligning MiFID II Matched Principal Trading Requirements to the Prudential Regulatory Framework for Investment Firms
CySEC’s Supervisory Priorities for the year 2024
The Cyprus Securities and Exchange Commission (CySEC) has announced its supervisory priorities for the year 2024 within the fields of investment services and asset management. The key areas of focus are: Investment Services Effective organisational arrangements (governance, compliance, internal audit, safeguarding of clients’ assets); … [Read more...] about CySEC’s Supervisory Priorities for the year 2024