Breaking news

CySEC Sets Deadline For Сrypto-asset Service Providers To Secure MiCA Authorisation

by THEFUTURE.TEAM

December 24, 2025

The Cyprus Securities and Exchange Commission (CySEC) has issued a definitive notice to crypto-asset service providers (CASPs) operating within the Republic: all such entities must apply for authorisation under the Markets in Crypto-Assets Regulation (MiCA) by February 27, 2026, to ensure their continued legal operation.

Transition Provisions For Registered Entities

Following its announcement on October 17, 2024, and the subsequent Circular No. 674, CySEC clarified that firms registered under the existing national framework may continue operating throughout the transitional phase. This period extends until a decision on their MiCA application is rendered or until the transitional period concludes on July 1, 2026, whichever occurs first.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Mandatory Wind-Down Protocols

In its statement, the regulator warned that any CASP failing to secure MiCA authorisation by the stipulated deadline must submit a wind-down plan. Unauthorised providers will be prohibited from offering crypto-asset services once the transitional period ends, reinforcing the imperative for compliance.

Cross-Border Service Regulations

The commission further emphasized that the cross-border provision of services to other EU member states is contingent upon the host country’s legislative provisions and any applicable grandfathering regimes. Firms are required to adhere strictly to guidance issued by the European Securities And Markets Authority (ESMA) to ensure full regulatory compliance.

Impact On The Cypriot Financial Sector

This regulatory shift marks a significant transformation for the Cypriot financial sector, aligning its digital asset operations with the rigorous standards of the European Union. CASPs that remain registered continue to be bound by domestic obligations and Regulation (EU) 2023/1113, underscoring CySEC’s commitment to enhancing confidence, transparency, and security in the crypto-asset market.

The Future Forbes Realty Global Properties

Cyprus Fuel Prices Jump 20.5% As Energy Costs Rise Across The EU

Cyprus recorded a 20.5% year-on-year increase in the prices of fuels and lubricants for personal transport in May 2026, according to Eurostat data released on Monday.

The increase was broadly in line with the European Union average of 20.7%, with fuel and lubricant prices rising across all EU member states during the period.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Cyprus Tracks The EU Average

Among EU countries, the largest annual increases were recorded in Bulgaria (33.9%), Luxembourg (32.2%), Lithuania (30.8%) and Romania (30.4%). At the other end of the scale, Hungary registered the smallest increase at 3.5%, while annual growth ranged from 12.7% in Poland to 29.2% in France across the remaining member states.

Eurostat noted that fuel and lubricant prices generally declined across the EU until February 2026 before moving higher in subsequent months.

Diesel And Petrol Follow Different Paths

Across the European Union, diesel prices increased by 29% in May 2026 compared with the same month a year earlier, while petrol prices rose by 16.2%. Monthly trends, however, were more mixed. Between April and May 2026, diesel prices across the EU fell by 5.8%, whereas petrol prices increased by 0.8%.

In Cyprus, diesel prices declined by 1.5% over the same period. Although lower than in April, the decrease was less pronounced than in Germany (-11.9%), Greece (-8.5%), Estonia (-8.4%) and Ireland (-8.1%).

Petrol prices moved in the opposite direction, rising by 2.1% between April and May. A similar pattern was observed across much of the EU, with 23 member states reporting monthly increases. Italy recorded the largest monthly rise in petrol prices at 6.9%, while decreases were reported in Germany (-5.6%), Ireland (-2.0%) and Sweden (-0.7%).