News with the tag "Cyprus"

EToro said it received regulatory approval under the European Union’s Markets in Crypto-Assets (MiCA) framework and will soon be able to provide cryptocurrency trading and custody services across the region. The trading platform announced the approval from the Cyprus Securities Exchange Commission o...

On Tuesday, the Cyprus Police cybercrime division warned of a surge in SMS fraud targeting crypto investors, as reported by the Cyprus Mail . The advisory revealed that scammers are impersonating officials from Binance—the largest crypto exchange globally—to trick users into divulging their login cr...

Backpack EU will be responsible for distributing court-approved FTX bankruptcy claims to FTX EU customers as part of the acquisition.

Cyrpus’ securities regulator has extended the suspension on FTX Europe for the fourth time, which stops trading on the platform but allows customers to withdraw funds.

The Cyprus Securities and Exchange Commission announced that the Cypriot Investment Firm (CIF) FTX license suspension would be considered further until May 30, 2025.

Key deadlines for crypto-asset regulation are approaching, as Cyprus’ regulator announced that the EU’s Markets in Crypto-Assets Regulation (MiCAR) will take effect for service providers by December 2024, with registration closing by October. Providers already registered may operate until mid-2026 o...

Cyprus Freezes Crypto Applications Ahead of EU MiCA Rules As the European Union prepares to implement the Markets in Crypto-Assets (MiCA) regulations on December 30, 2024, the Cyprus Securities and Exchange Commission (CySEC) has announced a freeze on new crypto asset service provider (CASP) applica...

The CySEC has warned crypto asset service providers of coming changes as the continent braces for MiCA.

The iGaming industry is exponentially expanding in Europe, with the continent generating a total of 8.2 billion Euros in recent years, and is forecast to increase to 126.3 billion by 2026. This presents an immense opportunity for investments. This is attributed to a mature and sophisticated regulato...

The Institute of Certified Public Accountants of Cyprus (ICPAC) has issued a critical alert urging accounting professionals to bolster their monitoring and Know Your Customer (KYC) measures to combat the increasing use of cryptocurrencies in terrorist financing. The Institute of Certified Public Acc...