• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Cardano price prediction_ ADA to retest $0.35, analyst

    Cardano price prediction: ADA to retest $0.35, analyst

    Crypto market cap

    Crypto market cap reaches ATH: crosses $1 Trillion

    Litecoin price prediction_ LTC to $180, analyst

    Litecoin price prediction: LTC to $180, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Ripple

    Ripple can serve as a bridge between CBDCs

    Cyprus financial regulator issues new guidance for crypto trading 1

    Conversation with Norbert Goffa – Сo-founder of ILCOIN – about the cryptocurrency market, trends and vision

    Ethereum price analysis – ETHUSD blasts past $1,200 as the euphoria takes over

    Ethereum price analysis – ETH/USD blasts past $1,200 as the euphoria takes over

    Bitcoin price analysis – BTC eyes $40,000 as bulls push forward relentlessly

    Bitcoin price analysis – BTC eyes $40,000 as bulls push forward relentlessly

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Cardano price prediction_ ADA to retest $0.35, analyst

    Cardano price prediction: ADA to retest $0.35, analyst

    Crypto market cap

    Crypto market cap reaches ATH: crosses $1 Trillion

    Litecoin price prediction_ LTC to $180, analyst

    Litecoin price prediction: LTC to $180, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Ripple

    Ripple can serve as a bridge between CBDCs

    Cyprus financial regulator issues new guidance for crypto trading 2

    Conversation with Norbert Goffa – Сo-founder of ILCOIN – about the cryptocurrency market, trends and vision

    Ethereum price analysis – ETHUSD blasts past $1,200 as the euphoria takes over

    Ethereum price analysis – ETH/USD blasts past $1,200 as the euphoria takes over

    Bitcoin price analysis – BTC eyes $40,000 as bulls push forward relentlessly

    Bitcoin price analysis – BTC eyes $40,000 as bulls push forward relentlessly

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result

Cyprus financial regulator issues new guidance for crypto trading

Ibiam Wayas by Ibiam Wayas
December 2, 2020
in Uncategorized
2 min read
Cyprus financial regulator issues new guidance for crypto trading
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

TL:DR Breakdown:

  • CySEC recently published a guide for crypto trading in the country.
  • The regulator wants investment platforms to maintain a risk-mitigated environment for crypto-assets trading. 

In a recent publication, the financial regulator of the Republic of Cyprus, CySEC, or the Cyprus Securities and Exchange Commission, informed about the issuance of new cryptocurrency regulation in Circular C417. More like guidance, the rule is aimed at helping Cyprus Investment Firms (CIFs) manage and conduct digital currency trading in a risk-mitigated manner. This is reportedly the first crypto regulatory guide from the regulator.

CIFs can conduct crypto trades

Among other things, the regulator urged the companies that facilitate crypto-assets trading to review their risk management strategies to ensure traders will be protected from any risk associated with the cryptocurrencies. CySEC emphasized more the need to adopt adequate security measures against cybersecurity, reputational, and operational risk, following the nature of digital currencies. 

RelatedPosts

Cardano price prediction: ADA to retest $0.35, analyst

Crypto market cap reaches ATH: crosses $1 Trillion

Litecoin price prediction: LTC to $180, analyst

Ripple price prediction: Rise to $0.45 ahead, analyst

The regulator also wants Cyprus investment companies to disclose information about the crypto-assets they hold. This includes the amounts of different crypto-asset exposures, the accounting treatment, and capital requirements for such exposures. While commenting on the development, a Cyprus lawyer Dimitris Papoutsis opined said regulation was a good first step for Cyprus.

“The Circular addresses much-needed direction so that CIFs can invest in cryptocurrency and be assured of compliance,” Papoutsis said, adding that they can expect more regulation of digital currencies in the country “under the rubric of Anti-Money Laundering legislation in due course.”

Cyprus blockchain economy

While the authorities are working to regulate cryptocurrency trading in the country, the country already showed interest in adopting blockchain, the technology behind digital currencies. Last year, Cryptopolitan reported that the authorities mentioned plans in the National Strategy to implement the technology to further boost their transition to a digital economy.

Tags: Crypto Riskscryptocurrency tradingCyprus
Ibiam Wayas

Ibiam Wayas

Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general public. He loves to associate with like-minded individuals and collaborate with them on similar projects. He spends much of his time honing his writing and critical thinking skills.

Related Posts

Cardano price prediction_ ADA to retest $0.35, analyst
Cardano News

Cardano price prediction: ADA to retest $0.35, analyst

January 7, 2021
Crypto market cap
Industry News

Crypto market cap reaches ATH: crosses $1 Trillion

January 7, 2021
Litecoin price prediction_ LTC to $180, analyst
Litecoin News

Litecoin price prediction: LTC to $180, analyst

January 7, 2021

Follow Us

  • 40.6k Fans
  • 8.3k Followers

Latest News

Cardano price prediction_ ADA to retest $0.35, analyst

Cardano price prediction: ADA to retest $0.35, analyst

January 7, 2021
Crypto market cap

Crypto market cap reaches ATH: crosses $1 Trillion

January 7, 2021
Litecoin price prediction_ LTC to $180, analyst

Litecoin price prediction: LTC to $180, analyst

January 7, 2021
Ripple price prediction: Rise to $0.45 ahead, analyst

Ripple price prediction: Rise to $0.45 ahead, analyst

January 7, 2021
Bitcoin price prediction: BTC to $43,000, analyst

Bitcoin price prediction: BTC to $43,000, analyst

January 7, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 3

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2020 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.