Regulatory Alerts2024-12-31
Transitional period for crypto-asset service providers under MiCAR Article 143(3)
The Cyprus Securities and Exchange Commission requires Crypto-asset Service Providers that operated before 30 December 2024 to submit evidence of their prior activities to maintain operations under the MiCAR transitional period until 1 July 2026 or until authorization is granted or refused. Providers must deliver an Internal Auditor confirmation letter along with detailed data on services, client demographics, transaction volumes, assets, and income via email by 10 January 2025. This submission is mandatory for entities wishing to continue providing services during the transition phase without immediate full MiCAR authorization.
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