CySEC Issues Directive In Relation The Register Of The Crypto-Asset Service Providers

In the context of the implementation of pan-EU requirements including crypto-asset service providers (CASPs) under the Fifth Anti-Money Laundering Directive (5AMLD), Cyprus recently updated its definition of obliged entities under the Prevention and Suppression of Money Laundering Law 2007 (AML Law) to bring CASPs into its scope. Moreover, Cyprus authorities have also decided that Cyprus CASPs should become approved and registered with the Cyprus Securities and Exchange Commission (CySEC).

CySEC has recently issued a directive including details outlining the process of registration. According to this, CySEC shall publish, on its website, the CASPs' register.  The register must be publicly accessible and  must include information such as the commercial name, the legal form and the legal entity identifier of the CASP, its address and its services.