The Cyprus Securities and Exchange Commission (CySEC) reminded Crypto-Asset Service Providers (CASPs) operating in Cyprus that applications for authorisation under the Markets in Crypto-Assets Regulation (MiCA) must be submitted by 27 February 2026. CASPs currently operating under the national framework may continue providing services until their application is approved or rejected, or until the transitional period ends on 1 July 2026, whichever occurs first. CASPs that do not apply by the deadline must submit a wind-down plan, as providing crypto-asset services will no longer be permitted after 1 July 2026 without MiCA authorisation. CySEC also recalled that cross-border provision of services into another EU Member State is only permitted where allowed under the host state’s national legislation and where the grandfathering regime has been adopted, in line with ESMA guidance. Registered CASPs remain subject to obligations under both national rules and Regulation (EU) 2023/1113.
Cyprus Securities and Exchange Commission 2025-12-23
Cyprus Securities and Exchange Commission sets 27 February 2026 deadline for MiCA authorisation applications and confirms grandfathering until 1 July 2026
CySEC reminded Crypto-Asset Service Providers (CASPs) in Cyprus to apply for authorisation under the Markets in Crypto-Assets Regulation (MiCA) by 27 February 2026. CASPs must cease operations without MiCA authorisation by 1 July 2026, unless a wind-down plan is submitted. Cross-border services are only allowed under host state legislation and the grandfathering regime, per ESMA guidance.