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“We are continuing to work with CySEC and regulators across the globe to be the leader in the digital asset industry when it comes to meeting the financial standards that are expected of traditional financial institutions.”

The Cyprus Securities and Exchange Commission (CySEC) has granted its authorization to Revolut, allowing the fast-growing fintech to launch its cryptocurrency service. The move comes even as the financial markets regulator is mulling over the need for additional rules on retail crypto trading.

The Cyprus Securities and Exchange Commission (CySEC) announced that it has fined Magnum FX Ltd (trading as ET Finance) and F1Markets Ltd (trading as Investous, StrattonMarkets and Europrime) due to shortcomings in their regulatory obligations.

The Cyprus Securities and Exchange Commission today announced the initiation of the process of compensating the clients of Maxigrid Limited (trading as Dualix & AGM Markets), which saw its license lapsed in February.