Cryptocurrencies and AML. How to stay compliant

Cryptocurrencies and AML. How to stay compliant

Since their inception, cryptocurrencies have exploded as an alternative way to trade currency. However, many stakeholders still do not understand cryptocurrency or its impact on anti-money laundering (AML). That needs to change as cryptocurrency adoption continues to grow. The majority of cryptocurrency transactions are for legitimate purposes. However, cryptocurrency’s place outside the traditional financial system…

How to Register with CySEC as a Crypto Asset Service Provider (“CASP”)

How to Register with CySEC as a Crypto Asset Service Provider (“CASP”)

On 25 June 2021, the Cyprus Securities and Exchange Commission (the “CySEC”) released its directive on the CASP register (the “CASP Directive”), which forms subsidiary legislation issued under section 61E of the Cypriot Prevention and Suppression of Money Laundering Law 2007.Furthermore, on 13 September 2021, CySEC issued a Policy Statement on the Registration and Operations…

Meet us in Blockckain Fest 2021

Meet us in Blockckain Fest 2021

Join us in the most important event for blockchain and crypto enthusiasts, the Blockchain Fest 2021 event at Parklane, a Luxury Collection Resort & Spa (Marriot), Limassol on the 2nd and 3rd  of December, organized by FINEXPO. CX Financia will be participating in the discussion panel “Crypto assets and investing forecast” on the second day…

total Blockchain Package solution

C.X. Financia & Akeo AS – The Total Blockchain Package Solution – results for the future

Following the boom of Bitcoin and the evolutionary technology behind it (Blockchain), new businesses rapidly emerged, utilizing ICOs (Initial Coin Offerings) for funding and business development. The willingness of Investors to back ICOs is evident from the approximate 6 billion dollars attraction over 2017, expected to rise significantly by the end of 2018. However, they…

London Summit 2017

London Summit 2017 – Finance Magnates

CX Financia would like to congratulate Finance Magnates for their great organization of London Summit 2017. We were there and more than impressed with the excellent venue choice and exciting discussion panels as well as workshops. Cryptocurrencies and MiFiD II were the topics that picked our interest, but our enthusiasm remained as we learned about…

Decentralized 2017

Decentralized 2017 – Review

Decentralized 2017, organized by the University of Nicosia Association through its Blockchain Initiative, was held in Limassol on the 2nd and 3rd of November 2017. The conference, the 1st of its kind, core topics included the latest cryptocurrency and blockchain developments focused on the business and political implications of blockchain technologies, across several key industries. The conference…

Regulation on Virtual Currencies – C244

As in accordance with CySEC Circular 244 – Trading in virtual currencies and/or trading on contracts for differences relating to virtual currencies, CySEC sets preliminary regulatory requirements regarding the trading of virtual currencies or related contracts of differences in anticipation of the official position of European authorities. It should be noted that there is no specific EU…