Share on LinkedInShare on LinkedIn

ARTICLE · 15 SEPTEMBER 2021

Market Intelligence Thought Leadership Award Winner

CySEC Register Of Crypto-asset Service Providers

AGPLAW | A.G. Paphitis & Co. LLC
AGPLAW | A.G. Paphitis & Co. LLC
Contributor
AGPLAW | A.G. Paphitis & Co. LLC

AGPLAW | A.G. Paphitis & Co. LLC

Established in 2006, AGPLAW is a full-service, award-winning and committed to excellence law firm...

View firm profile
Explore more from AGPLAW | A.G. Paphitis & Co. LLC

CySEC issued a new Directive on 13.09.2021 in relation to the registration of crypto-asset service providers which amends the recent CySEC Directive for the prevention and suppression...

CyprusTechnology
AGP Law/ A.G. Paphitis & Co. LLC
AGP Law/ A.G. Paphitis & Co. LLC
Author LinkedIn connections

CySEC issued a new Directive on 13.09.2021 in relation to the registration of crypto-asset service providers which amends the recent CySEC Directive for the prevention and suppression of money laundering and terrorist financing – Register of Crypto Asset Services Providers (the "CASP Registration Directive").

CySEC also published on 13.09.2021 a Policy Statement on the Registration and Operations of CASPs which refers to its finalised rules applicable to the Crypto Asset Services Providers (CASPs).

According to CySEC relevant Press Release, more information on the application procedure are now available and CySEC will commence to evaluate applications from existing or prospective CASPs.

AGP Law Firm | A.G. Paphitis & Co. LLC

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

View source

Related Articles

Read more about

Related Comparative Guides

See more popular content from

Article

Europe’s Technological Sovereignty Package: Semiconductors, AI, Open Source And Energy

The European Commission has unveiled the European Technological Sovereignty Package, a comprehensive legislative framework targeting four critical areas: semiconductor manufacturing through Chips Act 2.0, cloud and AI infrastructure via the Cloud and AI Development Act, digital autonomy through open source strategy, and energy sector digitalization. This ambitious initiative aims to fundamentally transform Europe's technological independence and competitive position in the global digital economy by 2030.
CyprusTechnology
George Z. Georgiou & Associates LLC
George Z. Georgiou & Associates LLC
Article

Can Cyprus Become A True Fintech Banking Hub?

Cyprus is evolving from a jurisdiction that simply attracts fintech licenses to one building genuine European fintech infrastructure. With new regulatory frameworks including PSD3, DORA, and MiCA converging, the country faces a critical question: can it develop the banking relationships, payment systems access, and institutional depth required to transform licensed entities into a truly interconnected financial ecosystem?
CyprusFinance and Banking
AGPLAW | A.G. Paphitis & Co. LLC
AGPLAW | A.G. Paphitis & Co. LLC
Article

Why San Marino Is Gaining Ground As An International Maritime Flag

San Marino is establishing itself as a modern international maritime flag through digitalisation, regulatory compliance, and quality service. The Republic's Ship Register offers yacht and commercial vessel owners an accessible registration platform that combines efficient digital procedures with international standards. For owners and managers evaluating flag options, San Marino's development represents a strategic alternative that prioritizes both operational efficiency and regulatory credibility.
San MarinoTransport
AGPLAW | A.G. Paphitis & Co. LLC
AGPLAW | A.G. Paphitis & Co. LLC
Article

Cyprus Citizenship For Highly Skilled Employees

Cyprus has introduced an accelerated citizenship pathway for highly skilled foreign employees working for qualifying companies in the Republic. This framework, sometimes called the "Golden Knowledge" route, allows eligible professionals to obtain citizenship after four or five years of qualifying residence, depending on their Greek language proficiency. The regime represents a significant development for international professionals who have established their careers and lives in Cyprus.
CyprusImmigration
AGPLAW | A.G. Paphitis & Co. LLC
AGPLAW | A.G. Paphitis & Co. LLC
Article

Can You Buy Property In Cyprus With Crypto-currency?

Cyprus property law now intersects with cryptocurrency regulation as international buyers increasingly seek to use Bitcoin, Ethereum, and stablecoins for real estate acquisitions. While crypto-funded property purchases are legally possible in Cyprus, they require careful structuring to satisfy contract law, Land Registry requirements, anti-money laundering obligations, and the EU's Markets in Crypto-Assets Regulation (MiCA).
CyprusReal Estate and Construction
AGPLAW | A.G. Paphitis & Co. LLC
AGPLAW | A.G. Paphitis & Co. LLC
Article

Cyprus Trusts Holding UK Property<br />New UK Registration Requirements From 30 June 2026

New UK regulations effective 30 June 2026 have expanded Trust Registration Service requirements for non-UK trusts holding UK property acquired before 6 October 2020. Cyprus trustees must now navigate complex cross-border compliance obligations, reconcile beneficial ownership reporting across multiple jurisdictions, and understand the critical distinction between direct property ownership and corporate holding structures.
CyprusWealth Management
AGPLAW | A.G. Paphitis & Co. LLC
AGPLAW | A.G. Paphitis & Co. LLC
Article

Enforcement Of English Judgments In Cyprus

A Cyprus Court of Appeal judgment provides crucial guidance on recognizing English court judgments in Cyprus, examining third-party litigation funding arrangements, and clarifying when recognition may be refused on public policy grounds. The decision addresses the narrow grounds for challenging foreign judgment recognition and confirms that properly structured litigation funding does not violate Cyprus public policy.
CyprusLitigation, Mediation & Arbitration
AGPLAW | A.G. Paphitis & Co. LLC
AGPLAW | A.G. Paphitis & Co. LLC
Article

Crypto Fraud, Cold Calls And “Recovery” Scams In Cyprus. Why Victims Must Act Fast

Cryptocurrency fraud victims in Cyprus are increasingly targeted by sophisticated "recovery" scams involving cold calls, remote access requests, and false promises to retrieve lost digital assets. Recent court cases demonstrate that while recovery is not guaranteed, victims who preserve evidence and act quickly may have realistic legal options through Cyprus courts, including freezing orders, disclosure relief, and asset preservation measures.
CyprusCriminal Law
AGPLAW | A.G. Paphitis & Co. LLC
AGPLAW | A.G. Paphitis & Co. LLC
Article

FS Regulatory Update: ESMA Publishes MiCA Knowledge & Competence Compliance Table

ESMA has published its latest compliance table on MiCA Guidelines for knowledge and competence assessment, revealing how EU national competent authorities, including Cyprus regulators, are implementing supervisory standards for crypto-asset service providers. The update signals a shift in regulatory focus from initial authorisation to ongoing operational compliance and staff competence frameworks.
CyprusFinance and Banking
AGPLAW | A.G. Paphitis & Co. LLC
AGPLAW | A.G. Paphitis & Co. LLC
Article

Would Your Firm Pass A CySEC DORA Inspection Today?

Cyprus financial services firms face a new era of digital operational resilience supervision as CySEC shifts focus from policy preparation to practical implementation, evidence-based governance, and third-party ICT oversight under DORA. Recent circulars C751 and C784 make clear that regulated entities must now demonstrate operational compliance through documented frameworks, incident readiness, and board-level accountability rather than merely maintaining policies on paper.
CyprusStrategy
AGPLAW | A.G. Paphitis & Co. LLC
AGPLAW | A.G. Paphitis & Co. LLC