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CySEC Flags Six Unauthorised Websites Offering Investment And Crypto-Asset Services

by THEFUTURE.TEAM

October 6, 2026

Cyprus’ financial watchdog has issued a fresh warning to investors, flagging six websites that appear to be offering investment or crypto-asset services without the required authorisation.

Regulator Cautions Investors Over Unlicensed Operators

The Cyprus Securities and Exchange Commission (CySEC) said the websites do not belong to entities authorised to provide investment services or carry out investment activities under Cyprus law, nor are they authorised to provide crypto-asset services under the European Union’s regulatory framework.

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The websites named in the warning are arongroups.co, growellcapitals.com, fanorenki.de, nevald-ki.io, xyvotrades.com and ambrosiafx.com.

Why The Warning Matters

CySEC urged investors to exercise particular caution before doing business with firms operating through these sites, stressing that they have not been approved to provide the relevant services. In practice, that means consumers could be exposing themselves to unregulated counterparties without the protections that come with licensed providers.

The regulator advised investors to verify the status of any company before transferring funds or entering into an investment arrangement. CySEC noted that its official website, www.cysec.gov.cy, includes information on entities licensed to provide investment services, investment activities and crypto-asset services.

Part Of A Broader Enforcement Pattern

The warning relates to authorisation requirements under Cyprus’ investment services legislation and the European Union’s crypto-asset rules. CySEC regularly publishes alerts about companies and websites that are not authorised to provide regulated financial services in Cyprus.

For investors, the message is straightforward: before engaging with any platform promoting investment opportunities or crypto-asset services, confirm that the firm appears on the regulator’s register. That simple check can help distinguish a licensed operator from one that may be operating outside the law.

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Cyprus Business Electricity Prices Rank Among The EU’s Highest

by THEFUTURE.TEAM

November 6, 2026

Electricity prices for a defined group of non-household consumers in Cyprus reached €0.23 per kilowatt-hour in the first half of 2026, placing the country among the most expensive in the EU, according to Eurostat.

The rate matched Italy and exceeded the EU average of €0.18. Ireland recorded the highest price at €0.27 per kilowatt-hour.

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The figures cover non-household consumers with annual electricity consumption of between 500 and 2,000 megawatt-hours, rather than all businesses or households.

EU Electricity Prices Continued To Fall

Across the EU, average prices for this consumer group declined by 2% compared with the second half of 2025 and were 5.4% lower year on year.

The lowest rates were recorded in Finland (€0.09 per kWh) and Sweden (€0.12), followed by Denmark, Spain and Portugal, all at €0.13.

Prices Fell In Most Member States

Electricity prices declined year on year in 19 EU countries during the first half of 2026. Luxembourg recorded the largest fall, at 23.8%, followed by Czechia (11.9%) and Greece (11.8%).

Prices increased in eight member states, led by Sweden (18.8%), Finland (18.7%) and Bulgaria (14.2%). Despite the sharp increases, Finland and Sweden continued to have the lowest electricity prices in the bloc.