Key Deadlines for EU Crypto Regulation Approaching

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Key Deadlines for EU Crypto Regulation Approaching

The Cyprus Securities and Exchange Commission (CySEC) announced that the EU’s Markets in Crypto-Assets Regulation (MiCAR) will come into full effect for crypto-asset service providers (CASPs) by December 30, 2024. Providers must register by October 2024 to continue operating. CASPs registered by this deadline can operate until July 1, 2026, or until their authorization is approved or denied under MiCAR.

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Starting December 2024, CySEC will no longer accept registration applications under national rules. Furthermore, entities from the European Economic Area (EEA) must submit notifications by October 30, 2024.

This regulation marks a significant shift in the crypto compliance landscape across Europe.

 

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