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You Won't Believe the Hidden Dangers of Auditing Cryptocurrency Companies...

Notification & passporting: Funds must submit core documents—such as the prospectus, KIID, and reports—to host NCAs before marketing; some jurisdictions allow marketing once an acknowledgment is received

In a significant stride toward combating money laundering and terrorist financing, the European Union has reached a pivotal agreement on the Anti-Money Laundering (AML) Regulation and Directive.

The second round of draft regulatory measures for the Markets in Crypto-Assets Regulation (MiCA), encompassing Level 2 and Level 3 provisions, was separately disclosed by ESMA and the EBA in October 2023.

In the rapidly evolving fintech industry, understanding and obtaining licenses for Payment Service Providers (PSP)...

Artificial Intelligence is transforming our world, enabling innovation across industries and unlocking operational efficiencies once thought impossible. But with progress comes risk.

Crypto-assets are "a type of private asset that depend primarily on cryptography and distributed ledger technology as part of their perceived or inherent value.

Financial technology ("FinTech") has had an unprecedented increase in this generation. However, with that, it has also introduced unique and significant anti-money laundering ("AML") risks. This is mostly due to its rapid speed, digital nature and at times, unmonitored global reach.

"It's been a brutal year for investors. Bitcoin's price has dropped 63 per cent, while the overall cryptocurrency market capitalization has lost $1.63 trillion in value.

The upcoming Markets in Crypto-Assets (MiCA) regulation is set to transform the European Union's crypto landscape by establishing a cohesive regulatory framework.

On 25.06.2021 CySEC published the Directive for the Prevention and Suppression of Money Laundering and Terrorist Financing (Register of Crypto Asset Service Providers) (the ‘Directive')...

Blockchain is in fact a distributed ledger of transactions, which has been described as leading the way to digital democratisation.

On 20 April 2023, the European Union (EU) Lawmakers approved the Markets in Crypto – Asset Regulation (MiCA) and the regulation on information accompanying transfers of funds and certain crypto – assets, i.e. the "Travel Rule".

The aim of the consultation paper is to standardize the classification of crypto-assets through templates and importantly a standardized test in order to harmonize regulatory approaches across the EU.

Cyprus is undergoing a significant regulatory transformation in 2025, reinforcing its sanctions enforcement mechanisms and modernizing its anti money laundering (AML) laws...

Cyprus has established itself as one of Europe's most attractive destinations for crypto investors and businesses with the introduction of a new 8% flat tax on crypto asset profits.

Cyprus has long been recognised as a reputable international financial and corporate centre. However, in recent years, the island has also become a target for fraudulent or unlicensed investment and forex companies that exploit its good reputation and European regulatory framework.