The regulatory framework of cryptocurrency ecosystem in Cyprus is harmonised with crypto legislation in the European Union (EU) and therefore is currently mainly focused on consumer protection, anti-money laundering and counter-terrorist financing. The rules of the framework span from the registration of the cryptocurrency companies to the monitoring of their operations.
The main legislation that distinguishes and regulates cryptocurrencies in Cyprus is the Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007 (the AML/CFT Law), enforced by the the Cyprus Securities and Exchange Commission (CySEC) who’s responsible for supervising compliance with regulations of anti-money laundering and counter-terrorist financing (AML/CFT) among crypto asset service providers (CASPs) operating in or from Cyprus.
Set of policies
Statutory capital from 25000 Eur
Company registration - 1690 Euro
Crypto license - 7900 Euro (state fees not included)