New Rules for Crypto-Asset Service Providers (CASPs) in Cyprus: Key Updates
The Cyprus Securities and Exchange Commission (CySEC) has made an important announcement regarding regulating Crypto-Asset Service Providers (CASPs). Here’s...
Read More The EU’s Digital Operational Resilience Act 2022/2554 (DORA)
Financial regulators have long faced the challenge of ensuring stability in financial markets, especially given the growing reliance on third-party systems,...
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EU Financial Services: Key points to watch for the rest of 2024
Last week, Maria Luís Albuquerque from Portugal was appointed as the new EU Commissioner for Financial Services and the Savings and Investment Union. With...
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Q&A: due diligence for tech M&A in Cyprus
As the technology sector thrives in Cyprus, mergers and acquisitions (M&A) involving tech companies have become increasingly common. Conducting thorough...
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Announcement by the Registrar of Companies and Intellectual Property for Cases Where the Beneficial Owner Has Deceased
The Department of the Registrar of Companies and Intellectual Property (DRCIP), following an opinion from the Legal Service of the Republic dated 13/06/2024...
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ASIC Wins Landmark Case Against Kraken Crypto Exchange Operator for Compliance Failures
In a landmark decision, the Australian Securities and Investments Commission (ASIC) successfully sued Bit Trade Pty Ltd, the operator of the Kraken...
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CySEC Policy Statement on the enhancement of the non-face-to-face customer onboarding process with electronic methods
In today's fast-paced digital landscape, the need for efficient and secure customer onboarding processes has never been more critical. Recognizing this, the...
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CySEC Circular C556 on addressing AML/CFT Compliance – Insights from CySEC’s Recent Inspections
The Cyprus Securities and Exchange Commission (CySEC) has recently issued a Circular C656 highlighting the findings from its inspections of various...
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CySEC Circular C655: Findings of the assessment of Compliance Officers’ Annual Reports and Internal Audit Reports on the prevention of money laundering and terrorist financing, for the year 2022
The Cyprus Securities and Exchange Commission (CySEC) has published Circular No. C655, summarizing the findings from its 2023 assessment of Compliance...
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Cyprus on Netflix: A New Era for the Olivewood Scheme
Stelana Kliris' latest film, "Find Me Falling," marks a significant milestone as the first Cypriot movie to stream on Netflix. This achievement brings...
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The EU’s Regulatory Framework for Artificial Intelligence: A New Era for AI Governance
The European Union (EU) is pioneering a comprehensive approach to artificial intelligence (AI) regulation with the introduction of the AI Act. This landmark...
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ESMA’s Opinion on Ensuring Consistent Application of MiCA for Crypto-Asset Brokers
The European Securities and Markets Authority (ESMA) issued an opinion on 31/7/2024, to support the consistent application of the Markets in Crypto-Assets...
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