The CySEC has announced that, from 17/10/2024 onwards, it will no longer accept applications for the registration of Crypto-Asset Service Providers (CASPs) in accordance with the provisions of National Rules, in view of the implementation of the Regulation (EU) 2023/1114 for Markets in Crypto-Assets on the 30th December 2024.
To this end, a transitional period has been set under Article 143(3) of MiCAR. Specifically, CASPs that will be registered in the CASP Register before the 30th December 2024 will continue to provide their services, either until the 1st July 2026 or until they are granted or refused an authorisation pursuant to Article 63, whichever is sooner.
It is further noted that the application documents pursuant to Article 62(1) of MiCAR will be published by the CySEC once the European Commission has issued the Regulatory and Implementing Technical Standards.
Further to the above, CySEC will also cease to accept Notifications from entities registered with one or more European Economic Area (EEA) National Competent Authorities for the provision of crypto-asset services on the 30th of October 2024.
Lastly, regulated entities that intend to provide crypto-asset services in the European Union equivalent to the services and activities for which they are authorised under the Investment Services and Activities and Regulated Markets Law of 2017 , or the Open Ended Undertakings for Collective Investment (UCI) Law of 2012 , or the Alternative Investment Fund Managers Law of 2013, should take into account the relevant provisions under Article 60 of MiCAR.