1/ #Cyprus, known for its crypto-friendly stance, is re-evaluating industry regulations.
11 Oct 2023, 19:08
1/ #Cyprus, known for its crypto-friendly stance, is re-evaluating industry regulations. 🇨🇾
The country’s finance ministry ( @MoF_Cyprus ) plans to tweak its Anti-Money Laundering laws to align with global standards set by the FATF ( @FATFNews ) & MONEYVAL report. 🔍
Same news in other sources
211 Oct 2023, 19:08
3/ However, the Cyprus Bar Association ( @CyBarAssociatio ) has expressed concerns, especially about compelling crypto services licensed in other EU countries to register with CySEC_Official.
This specific provision was added by #CySEC itself. 📜
3/ However, the Cyprus Bar Association ( @CyBarAssociatio ) has expressed concerns, especially about compelling crypto services
3/ However, the Cyprus Bar Association ( @CyBarAssociatio ) has expressed concerns, especially about compelling crypto services licensed in other EU countries to register with CySEC_Official.
This specific provision was added by #CySEC itself. 📜
11 Oct 2023, 19:08
2/ The proposed amendments mandate all crypto service providers to register with the Cyprus Securities and Exchange Commission ( @CySEC_official ).
Non-compliance could result in fines up to €350,000 or even 5-year imprisonment. ⚖️💰
2/ The proposed amendments mandate all crypto service providers to register with the Cyprus Securities and Exchange Commission (
2/ The proposed amendments mandate all crypto service providers to register with the Cyprus Securities and Exchange Commission ( @CySEC_official ).
Non-compliance could result in fines up to €350,000 or even 5-year imprisonment. ⚖️💰