Wire · regulatory
Cyprus Targets On-Site Audits for Crypto Custodians
◆ Sectors
◆ Geography
◆ Source
◆ 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, and 2 sources have reported it.
◆ ◆ 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
2 sources · 9 Aug 2026
◆ Related on Wire
◆ Topics