CySEC mandatory survey for regulated entities active in crypto-assets
On 26 June 2024, the Cyprus Securities and Exchange Commission (CySEC) issued Circular 648 informing regulated entities about the notification procedure under Article 60 of Regulation 1114/2023 on markets in crypto-assets (MiCA Regulation).
In a nutshell, under Article 60, certain types of regulated entities with existing EU authorisations can provide some equivalent crypto-asset services within the EU, by undergoing a notification process rather without obtaining any additional authorisations.
To evaluate the interest and plans regarding the provision of crypto-asset services, CySEC has issued a questionnaire that must be completed by existing regulated entities. The survey consists of 16 questions and should take 15-30 minutes to complete. If you answer "no" to question five (regarding plans to provide crypto services under MiCA), you are not required to complete the rest.
Responses must be submitted by Friday 26 July 2024.
Circular 648 can be found here and the questionnaire can be accessed here.
If you are unsure whether the provisions of MiCA Regulation may apply to you, you can use our MiCA Assessment Tool to obtain a free preliminary assessment here.
