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Unauthorised crypto firms ordered to cease EU operations by July 1, 2026 · Cyprus Report

Business · World

Unauthorised crypto firms ordered to cease EU operations by July 1, 2026

1 sourceFirst reported 28 days agoUpdated 28 days ago

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ESMA has mandated a wind-down of operations for unauthorised crypto firms in the EU.
Firms must stop onboarding new clients and cease marketing activities immediately.
They are required to communicate clearly with clients about the exit process.
Client asset custody can only continue for a minimum necessary period.
All actions must comply with EU and national laws, including AML/CFT obligations.

Generated by AI from the 1 sources below · always verify with the originals

AI summary: catch up in 20 seconds

Summarising the coverage…

Generated by AI from the 1 sources below · always verify with the originals

All coverage (1)

Unauthorised crypto firms must close EU operations after MiCA transitionCyprus Mail · 28 days ago

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AI summary: catch up in 20 seconds

ESMA has mandated a wind-down of operations for unauthorised crypto firms in the EU.
Firms must stop onboarding new clients and cease marketing activities immediately.
They are required to communicate clearly with clients about the exit process.
Client asset custody can only continue for a minimum necessary period.
All actions must comply with EU and national laws, including AML/CFT obligations.

Generated by AI from the 1 sources below · always verify with the originals