In June 2021, following a recent implementation and enactment of
the 5th AML Directive into national legislation, the Cyprus
Securities and Exchange Commission ("CySEC") has
introduced, via the issuance of Directive 269/2021, the creation of
a Crypto-Asset Service Providers ("CASP") Registry, its
operation, registration and supervision conditions.
This development requires for interested applicants to apply to
CySEC, being the supervisory body, for registration to the registry
in order to be able to provide, among others, crypto exchange
services within a regulatory framework, which has been untouched
for many years.
Requirements
The applicant in order to apply and successfully be approved by
CySEC, as a licensed crypto-asset service provider must fulfil the
conditions mentioned below:
