Obtaining A Cryptocurrency & Crypto Exchange License In Cyprus

What is Cyprus Security and Exchange Commision (CySEC) 

CySEC is the anti-money laundering and counter-terrorist financing (AML/CFT) supervisor for crypto-asset operations undertaken in or from Cyprus.

The regulatory framework for a Crypto Asset Services Provider ("CASP") in Cyprus includes rules, inter alia, in relation to: 

• The fitness and probity of the CASP beneficiaries and persons holding a management position; 
• The conditions in relation to CASPs registration; 
• The organisational and operational requirements; 
• Performing Know Your Client (KYC) and other client due diligence measures. 

In November 2020, CySEC issued an important circular (no 417) regarding the prudential treatment of crypto assets and enhancement of risk management procedures associated with crypto-assets.