Establishing a CASP in Cyprus in 2023
The Cyprus Securities and Exchange Commission (CySEC) introduced the Crypto-Asset Service Provider (CASP) registration framework back in September 2021. The framework mandates CASP that provide or intend to provide crypto asset services in or from Cyprus to formally register their business activities.
CySEC is the designated anti-money laundering and countering the financing of terrorism (AML/CFT) authority, responsible for the registration and supervision of crypto-asset activities in Cyprus. The supervisory scope of CySEC is expected to be broadened after the European regulation on Markets in Crypto Assets (MiCA) comes into force.
Within this commentary the SALVUS Crypto-Assets team discusses the CySEC CASP regime and provides important information regarding the CASP registration, as follows:
- What is a CASP and what are the related services?
- What is the governing legal framework?
- Registering a CASP with CySEC
- What are the expected regulatory developments?
- How SALVUS can assist your CASP registration
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Find the full article here: https://salvusfunds.com/2023/03/01/establishing-a-casp-in-cyprus-in-2023/
