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Cyprus moves to tighten crypto rules with fines of up to €15 million

Published

15 October 2026

Topic

regulatory

◆ Sectors

Fintech

◆ Geography

Cyprus

◆ Source

Read at cyprus-mail.com →

◆ 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

Fintechcrypto-regulationMiCAEU-lawfinancial-penaltiesinvestor-protection