Cyprus suspends applications for crypto asset service providers pending transition to MiCA law
According to a report by Cointelegraph, the European Union will transition from national laws regarding Crypto Asset Service Providers (CASP) to the Markets in Crypto-Assets Regulation (MiCA) by December 30th. As of October 17th, CySEC will no longer accept CASP applications submitted under national law in Cyprus. CASPs successfully registered under national law before the December 30th deadline will be able to operate in the jurisdiction until July 1st, 2026, unless authorized or refused authorization under Article 63 of MiCA before then. Once MiCA regulations take effect, CASPs will be subject to regulatory technical standards (RTS) and implementing technical standards (ITS) by the European Commission.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
241114: Bitcoin Hits New All-Time High of $93K as U.S. Demand Soars
Bitcoin reached a record high of over $93,000 on Nov. 13, driven by surging demand from U.S. investors. This price increase began as U.S. markets opened, suggesting that American buyers played a major role. Notably, Bitcoin’s Coinbase Premium Index, which measures U.S. buying pressure, hit its high
Pepe’s market cap briefly tops $10 billion on back of 77% price surge
The price of the frog-faced memecoin surged 77% in the past 24 hours to trade at $0.000024.Major exchanges, including Coinbase, Robinhood and Upbit, have recently listed Pepe trading pairs.
ETH killers are still no closer to doing the deed
Solana is the crowd favorite to potentially flip Ethereum somewhere down the line, and it tends to feel realistic at times
Bitcoin at $100k very possible before EOY, analysts say
The market is due for a breather, but analysts expect prices to continue moving up in the coming weeks
Trending news
MoreCrypto prices
More
