CySEC Confirms February Deadline for Crypto Companies In search of MiCA Approval

[ad_1] The Cyprus Securities and Change Fee has reminded Crypto-Asset Service Suppliers working in Cyprus of the deadline to use for authorisation underneath the Markets in Crypto-Property Regulation.

In line with CySEC, the deadline for submitting an utility underneath MiCA is 27 February 2026. The regulator referred to its earlier announcement, which outlined the transitional preparations for current suppliers.

CASPs Should Apply Earlier than February Deadline

CASPs which can be at present providing companies underneath the nationwide framework could proceed working in the course of the transitional interval. This applies till their utility is accredited or rejected or till the tip of the transitional interval on 1 July 2026, whichever comes first.

CySEC clarified that CASPs which don't submit an utility by the February 2026 deadline should put together and submit a wind-down plan. After the tip of the transitional interval, the supply of crypto-asset companies will now not be permitted with out MiCA authorisation. Any exercise past the July deadline is conditional on acquiring the related approval underneath the regulation.

Cross-Border Crypto Companies Require Compliance

The regulator additionally recalled the principles on cross-border exercise. The availability of crypto-asset companies to a different EU Member State is allowed solely the place that is permitted underneath the host nation’s nationwide laws. It should even be aligned with the adoption of the grandfathering regime, consistent with steerage issued by the European Securities and Markets Authority.

CySEC added that CASPs which stay registered within the related nationwide register proceed to be topic to all current obligations arising from nationwide guidelines, as beforehand communicated by the authority.

CySEC Proposes ESAP Reporting Guidelines

CySEC has launched a session on proposed amendments to align nationwide guidelines with the EU’s European Single Entry Level framework. Below the adjustments, funding companies, asset managers, and AIFMs that are a part of a monetary conglomerate could be required to submit annual info on their authorized, governance, and organisational buildings to CySEC for publication on ESAP.

The necessities, efficient from January 2030, purpose to improve regulatory transparency and oversight, with out introducing any retail-facing obligations.