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CySEC Starts to Accept Crypto Licence Applications Under MiCA, but No Deadline on Decision
The Cyprus Securities and Exchange Commission (CySEC) announced today (Wednesday) that it is now accepting Crypto Asset Service Provider (CASP) licence applications from prospective entities and individuals for preliminary assessment under the incoming Markets in Crypto-Assets Regulation (MiCA). The regulator's decision came ahead of the full implementation of MiCA for all European Economic Area members, which will become effective on 30 December 2024. “This initiative is designed to ensure a smooth transition to MiCAR which represents a major step forward for the protection of investors in financial markets” ... (full story)