Crypto-Asset Service Providers in Cyprus are now able to apply to the Cyprus Securities and Exchange Commission (CySEC) for a preliminary assessment for the EU’s Markets in Crypto-assets Regulation (MiCAR), CySEC has announced.
"For further information you can find the relevant announcement here," the announcement notes.
The decision by CySEC to implement a preliminary examination phase for MiCAR, also allows its authorised entities to notify the Regulator of their intention to provide crypto-asset services. Application and notification forms are available on CySEC’s website.
“This initiative is designed to ensure a smooth transition to MiCAR which represents a major step forward for the protection of investors in financial markets,” commented CySEC Chairman, Dr George Theocharides.
The decisions for granting/refusing authorisation or as to the completeness of a notification will be made by CySEC following MiCAR’s application for CASPs on 30 December 2024, the announcement concluded.
