{"id":22722,"date":"2022-06-06T18:05:14","date_gmt":"2022-06-06T16:05:14","guid":{"rendered":"https:\/\/www.pfser.com\/kriptolitsenziya-na-kipre\/"},"modified":"2026-02-20T21:37:06","modified_gmt":"2026-02-20T19:37:06","slug":"crypto-licence-in-cyprus","status":"publish","type":"page","link":"https:\/\/www.pfser.com\/en\/crypto-licence-in-cyprus\/","title":{"rendered":"Crypto Licence in Cyprus"},"content":{"rendered":"

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Crypto Licence in Cyprus<\/h2>\n

[\/vc_column_text][vc_row_inner][vc_column_inner width=”1\/6″][\/vc_column_inner][vc_column_inner width=”2\/3″][vc_column_text]Private Financial Services has been helping in obtaining different licences in Cyprus for more than 10 years. If you would like to get your crypto licence in Cyprus, you are in the right place!<\/p>\n

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Cyprus Security and Exchange Commission, or “CySec,” brought the Directive (269\/2021) into effect on the 25th of June 2021. It relates to the business listed as Cryptocurrency providers (Crypto-Asset Services Providers, “CASPS”) pertaining to Article 61E, Section 2 of the Prevention and Suppression of Money Laundering and Terrorist Financing Law, L188(I)\/2007, referred to as the “AML LAW.” Having been changed towards the start of the year through the “Amending Law,” L13(I)\/2021, it was done so with the purpose of instilling peace between local regulations surrounding that which was imposed by the 4th and 5th AML Directives: Directive (EU) 2015\/849 and Directive (EU) 2018\/843. By following the steps for receiving a crypto license, Cyprus moved towards entering the market.<\/p>\n<\/div>\n

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Advantages of Having Crypto Licence in Cyprus<\/h2>\n

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Legislation and supervisory authority<\/h3>\n

Cyprus has transparent and predictable legislation that provides clear and understandable rules of the “game”. CySec has extensive, many years of experience in the regulation of brokerage companies, and its requirements and expectations are understandable.[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-about__item”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”2\/3″ offset=”vc_col-xs-10″]\n

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Convenience<\/h3>\n

Cyprus is a great place for doing crypto business. The island has formed its own ecosystem of the crypto community, traders, brokers and financiers. Also, there will be no problems with finding qualified specialists. Cyprus often hosts specialized forums that bring together entrepreneurs from all over the world.<\/p>\n

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Current Account and Crypto License<\/h3>\n

Having received a crypto-license in Cyprus, you have a chance to open an account in one of the Cypriot banks. This option is not available in many European jurisdictions, even with a license.<\/p>\n

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Tax Policy<\/h3>\n

Cyprus is famous for its tax rates and convenient tax regime. The payment of taxes on profits and dividends can be optimized much more efficiently than in other EU countries.<\/p>\n

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Types of Crypto Licences and Starting Capital Needed<\/h2>\n

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Class 1<\/h3>\n

Starting Capital requirement: Euro 50 000. Required for CASPs investment advisors.<\/p>\n

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Class 2<\/h3>\n

Class 2 Starting Capital requirement: Euro 125 000.<\/p>\n

For CASPs who offer investment advice as well as other services such as:<\/p>\n

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  1. Receiving and distributing orders to clients<\/li>\n
  2. Successfully delivering orders to clients<\/li>\n
  3. Trading between crypto and fiat currencies<\/li>\n
  4. Trading crypto assets<\/li>\n
  5. Involvement in and\/or supply of financial services pertaining to the delivering, providing, and\/or trading of crypto assets, notwithstanding the start-up investment<\/li>\n
  6. Offering crypto assets with trading options<\/li>\n
  7. Managing, organizing, and presenting arrangements<\/li>\n<\/ol>\n

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    Class 3<\/h3>\n

    Starting Capital requirement: Euro 150 000.
    \nCASPs offering investment advice in conjunction with Class 1 or Class 2 services, or:<\/p>\n

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    1. Distribution of ownership, site changes, administration and\/or security of assets from key-keeping to crypto asset ownership and autonomy over cryptography<\/li>\n
    2. Flexible trading options for crypto assets owned<\/li>\n
    3. Use of multi-lateral, dynamic operations comprised of several trading services for the purchase and selling of assets, leading to successful trading<\/li>\n<\/ol>\n

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      What’s Needed For Receiving a Crypto Licence in Cyprus<\/h2>\n

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