cysec
Purple Trading Cyprus Had “Possible” Lapses in Retail CFDs Offering, Pays €150K to CySEC
- The settlement came as CySEC assessed the broker’s compliance from July 2021 until the start of October 2023.
- The regulator found possible violations in five areas, including conflicts of interest with traders.
Monday, 23/06/2025 | 08:12 GMT by
Arnab Shome
Forex Firms, Drug Money, and Cyprus: Mayor’s Allegations Spark CySEC Response
- Paphos Mayor alleges Cyprus-based Forex firms are laundering money for Latin American drug cartels.
- The regulator stresses compliance with EU financial and anti-money laundering laws.
Monday, 02/06/2025 | 21:20 GMT by
Tareq Sikder
Crypto.com Exchange Acquires CySEC-regulated Broker, Plans to Offer CFDs in Q3 2025
- The crypto platform purchased Cyprus-based Allnew Investments to obtain a MiFID license and to offer securities and derivatives across Europe.
- According to the company's product roadmap, CFDs for FX and others could enter the offering in the next few months.
Wednesday, 21/05/2025 | 09:54 GMT by
Damian Chmiel
Admirals Clone Among 14 Unauthorized Sites Flagged by CySEC
- The Cyprus Securities and Exchange Commission has identified potentially harmful investment websites, including a clone of Admiral Markets.
- CySEC urges all investors to verify a firm's regulatory status on its official website before engaging with any investment platform.
Tuesday, 20/05/2025 | 06:18 GMT by
Damian Chmiel
The Regulatory Playbook: Dubai Did It First, But Cyprus Can Still Do It Best
- Cyprus can modernise its fintech rules by adapting Dubai's proven playbook—without breaking EU law or compromising investor protection.
- Rolling reviews, real-time data, and risk-based licensing could cut delays and boost innovation in Cyprus without clashing with EU regulations.
Monday, 05/05/2025 | 09:21 GMT by
Nikolas Xenofontos
EU Finance at a Crossroads: Will You Help on CySEC's Call for Input on Trading, ESMA and AMLA Roles?
- European Commission invites stakeholders to address obstacles in EU financial market integration.
- The consultation seeks feedback on the governance models of ESAs, including ESMA, EBA, EIOPA, and AMLA.
Monday, 28/04/2025 | 11:23 GMT by
Tareq Sikder
Cyprus-Based WeTrade Secures CySEC License, Eyes EU Expansion
- The license grants WeTrade the ability to operate legally across the European Union under EU passporting rights.
- WeTrade also holds a regulatory license from the Financial Services Authority of Saint Vincent and the Grenadines.
Thursday, 17/04/2025 | 16:29 GMT by
Jared Kirui
CySEC Reports €10.1 Billion in AUM as Cyprus-Based Funds Hold 75% Share in Q4 2024
- The regulator supervised 321 fund entities, with most assets managed by AIFMs.
- Key sectors included shipping, which saw €709 million in investments, energy with €496 million, and fintech with €258 million.
Tuesday, 15/04/2025 | 10:49 GMT by
Tareq Sikder
CySEC Informs Firms as EU Commission Targets T+1 Securities Settlement by 2027
- The regulator issued a circular to CIFs, trading venues, and fund managers, outlining the changes.
- At CySEC, a governance structure, including a T+1 committee and workstreams, will be established to manage the transition.
Thursday, 10/04/2025 | 16:36 GMT by
Tareq Sikder
Breaking: CySEC Reaches €200,000 Settlement With Colmex Pro
- "The company has reached a mutually agreed settlement with CySEC, bringing closure to a historical compliance review," the CEO Vassiliou said.
- CySEC cites possible violations related to authorization, client protection, and CFD regulations.
Tuesday, 08/04/2025 | 09:24 GMT by
Damian Chmiel
EU's New Regulations Put Cyprus Financial Firms Under Pressure, Fines Top €2.7M in 2024
- The regulator revoked or suspended seven Cyprus investment firms' licenses due to compliance failures.
- Despite increased scrutiny, Cyprus's financial sector grew in 2024, with 80 new entities authorized.
Tuesday, 11/03/2025 | 13:06 GMT by
Jared Kirui
CySEC Withdraws Royal Forex License: Reinforces CIF Compliance Under EU Regulations
- The announcement confirms the firm voluntarily gave up its authorization under Cyprus law.
- CIFs must comply with SFDR, EU Taxonomy, and MiFID II, ensuring transparency and greenwashing.
Tuesday, 11/03/2025 | 09:22 GMT by
Tareq Sikder
Fake CySEC Officials Resurface as Regulator Urges Investor Caution
- The fraudsters falsely present themselves as CySEC representatives and solicit fees from investors for bogus compensation claims.
- This is not the first time CySEC has warned the public, as similar scams were reported last year involving fraudulent websites and emails.
Wednesday, 05/03/2025 | 15:02 GMT by
Jared Kirui
CySEC Identifies “Areas for Improvement” in Sanctions Screening for Regulated Entities
- Inspections focused on compliance with UN, EU, US, and UK sanctions lists, identifying best practices.
- The Commission emphasizes the importance of internal policies and tools for effective sanctions compliance.
Thursday, 27/02/2025 | 11:08 GMT by
Tareq Sikder
CySEC Approval Enables eToro for Crypto Services Across the EU Under MiCA
- The firm expands crypto offerings in Europe, enabling services under MiCA and MiFID.
- The company, with over 38 million registered users in 75 countries, offers more than 100 cryptos.
Wednesday, 19/02/2025 | 10:41 GMT by
Tareq Sikder
Cyprus Investment Firms Must Align with EU Sustainability Laws, CySEC Says
- CIFs offering portfolio management and investment advice must now disclose how they integrate sustainability risks.
- The firms must also adhere to important EU regulations, including updates to MiFID II.
Thursday, 13/02/2025 | 21:07 GMT by
Jared Kirui
CySEC Tightens Oversight: AI, Crypto, and Fin-Fluencers Face Tougher Scrutiny
- Firms will undergo reviews on their AI usage, financial influence practices, and compliance in fund management operations.
- The regulator’s recent report shows a more than 10% increase in supervised entities, reaching 834.
Wednesday, 12/02/2025 | 21:45 GMT by
Jared Kirui
Cyprus Investment Vehicles Decline 4% as AUM Contracts to $9.1B
- Cyprus's fund industry experiences dual contraction, with assets under management falling 2.5% in Q3 2024.
- The number of regulated entities also decreased to 323, indicating ongoing industry consolidation.
Wednesday, 12/02/2025 | 08:09 GMT by
Damian Chmiel
These Trading Sites Lack Licenses, Cyprus Regulator Warns
- CySEC has identified several unauthorized websites, including clones of Admirals and XTB.
- The watchdog accused these platforms of operating without the necessary authorization to provide investment services in Cyprus.
Friday, 31/01/2025 | 20:59 GMT by
Jared Kirui
CySEC Proposes Initiatives to Attract Start-ups and Bonds to Cyprus Stock Exchange
- A roundtable discussed proposals for tax reductions, and infrastructure improvements.
- Marketing campaigns and cooperation were suggested to attract global investors to the CSE.
Wednesday, 29/01/2025 | 11:29 GMT by
Tareq Sikder
CySEC’s €17 Million 2025 Budget Focuses on Regulatory Oversight and Tech Enhancements
- Over the past three years, the regulator has imposed €7.9 million in fines for regulatory violations.
- The number of supervised entities has grown by 11.8%, reaching 834 by the end of 2024.
Monday, 27/01/2025 | 12:47 GMT by
Tareq Sikder
Cyprus Regulator Revokes Investor Compensation Fund Membership for Four Firms
- The affected companies are IFCM Cyprus Ltd, Arumpro Capital Ltd, Greenpost Trading Europe Ltd, and Reliantco Investments Ltd.
- Eligible investors can still claim compensation for investment operations conducted before the membership status change.
Wednesday, 22/01/2025 | 14:04 GMT by
Jared Kirui
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