Nicosia, Cyprus. The Cyprus Securities and Exchange Commission on Friday reminded investors that all crypto-asset services must comply with the Markets in Crypto-Assets Regulation from July 1, 2026. The reminder follows the end of the mandatory transitional period under European Union regulation 2023/1114.
Regulatory transition under MiCA
To support the transition, the European Securities and Markets Authority released a public statement outlining the current regulatory landscape for digital assets.
Warning on unauthorised providers
ESMA said clients of unauthorised crypto-asset service providers, whether based in the European Union or outside it, do not benefit from MiCA safeguards, including protections for client assets.
Advice to clients
Clients using services within the European Union were encouraged to check whether their provider is authorised under the new framework through the official ESMA register.
CySEC said clients should act promptly if their provider is not authorised, including by transferring their crypto-assets to an authorised provider, where one is identified, or to a self-hosted wallet.
Anyone facing technical or access difficulties during the transition should contact their service provider first.
Supervisory coordination
ESMA said European and national competent authorities are engaging directly with relevant entities to ensure compliance.
The authority added that these bodies will coordinate to monitor whether significant unauthorised cross-border service providers wind down without delay, with a focus on client protection, financial stability and market integrity.
Regulators will also work with the European Banking Authority and the Anti-Money Laundering Authority to ensure oversight.
