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Cyprus Targets On-Site Audits for Crypto Custodians

Published

9 August 2026

Topic

regulatory

Sectors

Crypto & Web3

Geography

Cyprus

Source

Read at cryptonews.net

Verified

Fusion42 · 27 August 2026 · Fusion42 review

Cyprus Securities and Exchange Commission (CySEC) plans to conduct on-site audits and desk reviews of authorized crypto asset service providers from late 2026 to mid-2027, focusing on operational resilience and technical security in digital asset custody. This activity is part of an EU-wide coordinated supervisory effort led by ESMA to enhance regulatory convergence and investor protection in the crypto sector.

This Wire brief sits within Fusion42's coverage of Crypto & Web3.

◆ The Wire takeaway

Cyprus raises the bar for crypto custodians with mandatory audits, opening a compliance gate you must clear this year. Your company cannot afford weak security controls if it wants to maintain access to the Cyprus market.

Coverage

1 source · 9 Aug 2026

Related on Wire

Topics

Crypto & Web3crypto-custodyregulatory-auditcysecesmaoperational-resilience