Cyprus Proposes New Directive for Crypto-Asset Service Providers’ Reporting

CN
2 hours ago

The Cyprus Securities and Exchange Commission (CySEC) has published a consultation paper introducing a new Directive for prudential information submission by Crypto-Asset Service Providers (CASPs). The proposed framework, aligned with Article 67 of Regulation (EU) 2023/1114 (MiCAR), mandates periodic reporting including financial reports and audited annual financial statements.

The consultation applies to CASPs authorized under Article 63 of MiCA, excluding certain financial entities like central securities depositories and management companies. Stakeholders can submit comments to commission by January 12, 2026, with the proposed reporting regime designed to support CySEC’s supervisory oversight and verify CASPs’ compliance with prudential requirements.

Read More: Etoro Granted MiCA Permit to Offer Crypto Services Across the EU

  • What is the primary purpose of this CySEC consultation? — To establish comprehensive reporting requirements for Crypto-Asset Service Providers under the Markets in Crypto-Assets Regulation (MiCAR).
  • Who is affected by this proposed Directive? — CASPs authorized by CySEC under Article 63 of MiCA, excluding certain exempt financial entities.
  • How does this align with existing regulations? — The proposed framework follows reporting standards applicable to Investment Firms and existing EU implementing regulations.

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