Cyprus is going to amend its law around crypto asset firms operating in the country, as per a recent local media report. Cyprus’s finance ministry is planning to amend the existing Prevention and Suppression of Money Laundering Law. The ministry has presented its set of amendments to the Parliamentary Committee on Legal Affairs. The amendments require that every service provider dealing with crypto assets must register with the country’s financial regulator, the Cyprus Securities and Exchange Commission (CySEC). Cyprus, an EU member, tightens crypto rules ahead of MiCA The Cyprus administration consulted the Cyprus Bar Association which voiced its concerns about the law’s scope.
Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!
Android: https://links.hashd.co/android
Comments