About the Regulatory Blog and our contributors
The Regulatory Blog is an informal and up to date news and information service of key regulatory developments in our jurisdictions: the BVI, the Cayman Islands, Anguilla, Bermuda, Cyprus, and Luxembourg. We intend to include the latest financial services, anti-money laundering, sanctions and related developments within our remit.
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ESMA’s opinion on broker models: Harmonising Crypto-Asset Regulation
On 31 July 2024, the European Securities and Markets Authority published an opinion addressing the risks presented by various brokerage models to be adopted by EU crypto-asset service providers seeking to be licensed under Regulation 1114/2023 on markets in crypto-assets, while relying on other non-EU entities in their group for their operations.
01 Nov 2024
CySEC updates on transitional measures for crypto-asset providers and local CASP regime
On 17 October 2024, the Cyprus Securities and Exchange Commission (CySEC) issued a statement informing the public that it will no longer accept new applications from crypto-asset service providers (CASPs) in the context of the local CASP registration regime under the Prevention and Suppression of Money Laundering and Terrorist Financing Law 2007 (the Local CASP Regime).
21 Oct 2024
Progress and challenges in implementing FATF standards on Virtual Assets
On 9 July 2024, the Financial Action Task Force (FATF) released its fifth update on the implementation of the FATF standards focusing on the application of anti-money laundering (AML) and counter-terrorist financing (CFT) measures to virtual assets (VAs) and virtual asset service providers (VASPs).
22 Aug 2024
MiCA July updates: New guidelines, increased transparency and supervision priorities
Following the entry into effect of the provisions on Asset-Referenced Tokens and Electronic Money Tokens under Regulation (EU) 2023/1114 on 30 June 2024, July was packed with a number of significant MiCA-related developments.
08 Aug 2024
EBA issues Travel Rule Guidelines for crypto asset and fund transfers
On 4 July 2024, the European Banking Authority published its finalised new guidelines on the 'travel rule' under EU Regulation 2023/1113 which repealed and replaced EU Regulation 2015/847.
05 Aug 2024
CySEC announces new requirement for Crypto-Asset Service Providers
On 30 July 2024, the Cyprus Securities and Exchange Commission issued Circular 654 addressed to CIFs, AIFMs, and UCITS Management Companies intending to offer crypto-asset services and providing an update following Circular 648.
02 Aug 2024
CySEC mandatory survey for regulated entities active in crypto-assets
On 26 June 2024, the Cyprus Securities and Exchange Commission issued Circular 648 informing regulated entities about the notification procedure under Article 60 of Regulation 1114/2023 on markets in crypto-assets.
10 Jul 2024
New EBA regulations strengthen governance, conflict management and remuneration policies for crypto assets
On 6 June 2024, the European Banking Authority enhanced the regulatory framework for crypto assets by publishing a package with three new regulatory products under the Markets in Crypto-Assets Regulation. These products focus on governance, conflicts of interest and remuneration aiming to create a transparent, secure, and well-regulated market in crypto assets.
03 Jul 2024
ESMA publishes final report on crypto-asset service providers’ conflict of interest rules
On 31 May 2024, the European Securities and Markets Authority released its final report on draft regulatory technical standards on conflicts of interest rules for crypto-asset service providers under the Markets in Crypto Assets Regulation.
17 Jun 2024