Cyprus – Crypto-Asset Service Provider
Cyprus Securities and Exchange Commission | Timeframe: 12 months
License Overview
Regulatory Authority
Cyprus Securities and Exchange Commission
(CySEC)
License Type
Crypto-Asset Service Provider
(CASP)
Timeframe
12 months
Capital Requirements
Required Capital
Class 1: EUR 50,000
Class 2: EUR 125,000
Class 3: EUR 150,000
Operational Requirements
Physical Presence
Local office required
Staff Requirements
- 4 Directors
- Compliance Officer & MLRO
- Risk Manager
- IT Officer
Key Questions
Who regulates the Cyprus Crypto-Asset Service Provider?
The Crypto-Asset Service Provider in Cyprus is issued by the Cyprus Securities and Exchange Commission (CySEC).
How long does it take to obtain the Cyprus Crypto-Asset Service Provider?
Timeframe: 12 months.
What is the minimum capital for the Cyprus Crypto-Asset Service Provider?
Class 1: EUR 50,000; Class 2: EUR 125,000; Class 3: EUR 150,000
Is local presence required for the Cyprus Crypto-Asset Service Provider?
Local office required