Cryptocurrency Analysis and News Portal
One of the friendliest European jurisdictions to crypto, Cyprus, might bring its industry regulation to tighter standards. According to an Oct. 10 report by the Cyprus Mail, the local Ministry of Finance intends to amend the existing Prevention and Suppression of Money Laundering Law. The ministry has presented its amendments package
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Cryptocurrency-friendly brokerage firm eToro is expanding its crypto services worldwide by securing new regulatory approval in Europe.eToro has received the Crypto Asset Service Provider (CASP) registration from the Cyprus Securities and Exchange Commission (CySEC), the firm officially announced on Sept. 21.According to eToro, the registration will authorize it to offer
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Bybit’s move is in stark contrast with that of the leading crypto exchange, Binance. Earlier this month, Binance announced it would cease its operations in Cyprus. Crypto exchange Bybit has obtained a license from the Cyprus Securities and Exchange Commission (CySEC) to operate a crypto exchange and provide custody services in
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“This landmark is a testament to Bybit's commitment to adhering to robust regulatory frameworks while expanding our global presence,” Ben Zhou, Bybit’s co-founder and chief executive officer, said in a statement. “We wholeheartedly support the regulatory objective of building a cryptocurrency industry that is both compliant, secure, and transparent.” Source
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Crypto exchange Bybit has announced a license approval to operate as an exchange and custody service in Cyprus. The world’s third most visited crypto exchange will begin offering to trade between crypto and fiat currency pairs and crypto-related financial services.Cyprus is the third most populous island in the Mediterranean Sea
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Binance appears to be preparing to exit Cyprus. The Cyprus Securities and Exchange Commission has marked Binance Cyprus Limited as “Under examination for application for deregistration” on its website. Previously, the cryptocurrency exchange received Class 3 registration as a Crypto Asset Services Provider (CASP) in Cyprus in October. At that time,
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Binance won registration as a crypto asset service provider (CASP) in Cyprus in October last year. Source
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"Not your keys, not your coins' is a lesson that, apparently, has to be learned again and again as history finds ways to repeat," Mike Fay, Author of Blockchain Reaction, said in the latest article at Seeking Alpha, discussing investor takeaway from the collapse of SVB and Silvergate Capital and
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Authorities in Germany, Bulgaria, Serbia, and Cyprus have taken down a cryptocurrency scam network in collaboration with Europol. “The suspects used advertisements on social networks to lure victims to websites covertly operated by the criminals, which offered seemingly exceptional investment opportunities in cryptocurrencies,” Europol detailed. Authorities Cracking Down on Cryptocurrency Scams Europol
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The bust saw four call centers and 18 other places searched, with 14 people arrested in Serbia and one in Germany. Source
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