The Cyprus Securities and Exchange Commission (CySEC) has issued a formal warning to investors regarding the use of unauthorised crypto-asset service providers.
The regulator emphasised that all entities offering such services within the jurisdiction must comply with the Markets in Crypto-Assets Regulation (MiCA), which has now been fully applicable across the European Union.
This directive from CySEC is part of a coordinated intensification of regulatory enforcement across Europe.
The warning serves as a direct caution to retail and institutional investors alike, highlighting the risks associated with platforms that have not obtained the necessary authorisation to operate under the new EU framework.
Non-compliant firms face potential sanctions, while investors using them may lack the protections afforded by regulated entities.
The move in Cyprus aligns with a broader trend of strict oversight emerging from other major European financial centres.