Cyprus crypto investors urged to verify providers after MiCA transition ends

Nicosia, Cyprus. Crypto users in Cyprus are being urged to confirm which legal entity holds their assets after the end of the Markets in Crypto-Assets Regulation (MiCA) transition period. Since July 1, 2026, crypto-asset services may be provided in Cyprus only by companies permitted under MiCA.

Transition period ends

MiCA rules for crypto-asset service providers have applied since December 30, 2024. Cyprus had allowed companies operating under its previous national framework to continue temporarily.

That arrangement ended on July 1, 2026, or earlier where a company’s MiCA application had been approved or rejected. The transition required unauthorised providers to withdraw and created a new opportunity for fraudsters to target investors.

Application requirements

The Cyprus Securities and Exchange Commission (CySEC) instructed providers seeking to remain in the market to submit MiCA applications by February 27, 2026. Companies that did not apply were required to prepare plans to wind down their operations.

A company’s previous inclusion on Cyprus’ national register is no longer sufficient. Investors must establish whether the legal entity providing their account is authorised to operate under MiCA.

CySEC registers

CySEC maintains separate registers for crypto-asset service providers authorised under Article 63 and for regulated financial companies using the Article 60 notification route.

Article 63 applies to companies seeking authorisation as crypto-asset service providers. Article 60 allows certain already regulated financial businesses, including investment firms and electronic money institutions, to offer specified crypto services after notifying their competent authority.

The two registers should not be combined without checking for cross-references or duplicate entries. CySEC records link eToro Europe to the Article 60 notification route, although the name is also displayed on the regulator’s wider MiCA pages.