The Cyprus Securities and Exchange Commission has issued a warning against six firms it believes have been operating illegally.
The Cypriot regulator has sounded a warning against 11 brands that it says aren’t licensed to operate in Cyprus. The 11 deal with digital currencies and FX.
The Cypriot regulator has called out 3 firms it believes have been providing services in the European country without its approval, offering FX and crypto.
Finance Minister Harris Georgiades described blockchain as “a new technological revolution similar to that of the internet.”
The Cyprus Securities and Exchanges Commission has proposed the transposition of the EU's Fifth Anti-Money Laundering Directive into national law.