The Cyprus Securities and Exchange Commission (“CySEC”) on September 13th, 2021, issued a Policy Statement on the Registration and Operations of Crypto Asset Services Providers (“CASP”), where it outlines the registration requirements and provides additional...
5th and 6th of October, 2021 10 am – 6:30 pm ‘The 5Comply Networking Event’ We invite FIVECOMPLY friends, clients, associates, Financial services & technology professionals, to our networking event to enjoy food, drinks and...
The Cyprus Securities and Exchange Commission (the ‘CySEC’) is the regulator which authorises and supervises amongst others, Cyprus Investment Firms / Forex (CFDs) Brokerages / Traditional Brokerages in Cyprus. Cyprus is part of the European Union, thus, a CySEC licensed...
CySEC issued Circular C462 to inform the CIFs that is amending Circular C417 regarding the prudential treatment of crypto assets. Therefore, the prudential treatment of crypto assets will be as follows: A. Calculation of own funds and capital adequacy ratio...
CySEC has issued the Circular C458 on July 14th, 2021, to inform Cyprus Investment Firms (“CIFs”) that CySEC’s Circular C418 ‘Enhancement of procedures regarding safeguarding of client funds held by CIFs’ shall be amended. Specifically, the amendment refers to the...
We can help our clients set up and develop their business model in the most cost efficient and compliant way thus minimizing expenses and achieving the best compliance results. Get in touch with us to come closer to the compliance results of your desire!
Crypto asset service providers is a new concept that was introduced in Cyprus with the transposition of the Fifth Anti-Money Laundering Directive into national legislation. The amended AML legislation was introduced on 25 June 2021 and regulates the digital...