The Cyprus Securities and Exchange Commission (CySEC) on Wednesday announced that Crypto-Asset Service Providers (CASPs) in Cyprus can now apply for a preliminary assessment under the EU’s Markets in Crypto-assets Regulation (MiCAR).
This aims to ensure a smooth transition ahead of the regulation’s full implementation on December 30, 2024.
The commission explained that “the decision by CySEC to implement a preliminary examination phase for MiCAR, also allows its authorised...