Cyprus Tightens Crypto Regulations with Hefty Penalties for Non-Compliance

Cyprus Tightens Crypto Regulations with Hefty Penalties for Non-Compliance

Cyprus is tightening its cryptocurrency regulations by introducing hefty penalties for non-compliance. The government aims to align with international AML/CFT standards and has submitted a legislative amendment for review. All crypto service providers must register with CySEC, facing fines or imprisonment for non-compliance. (Read More)

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