Wire · regulatory
Cyprus moves to tighten crypto rules with fines of up to €15 million
◆ Sectors
◆ Geography
◆ Source
◆ Verified
Fusion42 · 15 October 2026 · Fusion42 review
Cyprus is strengthening its cryptocurrency regulation by proposing the Markets in Crypto-Assets Bill of 2026, introducing fines up to €15 million for serious violations and expanding enforcement powers of the Central Bank of Cyprus and CySEC to align with the EU's MiCA framework.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
You must prepare for a much tougher regulatory environment in Cyprus as the new bill raises penalties and enforcement, making compliance essential for operating or expanding within the EU using Cyprus as a base.
◆ Coverage
1 source · 15 Oct 2026
◆ Related on Wire
◆ Topics